Greene King completes £50m buy-in with Scottish Widows

Victoria Tichá
clock • 2 min read

Pub retailer and brewer Greene King has signed a £50m bulk annuity contract with Scottish Widows for the Spirit Pension Scheme.

The FTSE 250 company wrote the £50m buy-in to cover the pensioner liabilities of the defined benefit (DB) scheme in its first bulk annuity transaction. The deal, announced today (17 September), ...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Join now

 

Already a Professional Pensions
member?

Login

Victoria Tichá
Author spotlight

Victoria Tichá

View profile
More from Victoria Tichá

HSBC pension scheme to invest £250m in wind and solar

Pension freedoms could rake in £19.2bn of tax over next decade

More on Risk Reduction

St Modwen Pension Scheme constructs £18m buy-in deal with Just Group
Risk Reduction

St Modwen Pension Scheme constructs £18m buy-in deal with Just Group

Full scheme buy-in secures benefits for 215 pensioners and 55 deferred members

Holly Roach
Holly Roach
clock 29 October 2024 • 2 min read
Deutsche Bank and L&G agree £1.1bn buy-in deal
Risk Reduction

Deutsche Bank and L&G agree £1.1bn buy-in deal

Full buy-in secures the benefits of around 4,000 scheme members

Holly Roach
Holly Roach
clock 29 October 2024 • 3 min read
Updated: The biggest buy-ins and buyouts since 2007
Risk Reduction

Updated: The biggest buy-ins and buyouts since 2007

Professional Pensions rounds up the largest block transfers of liabilities to insurers

Professional Pensions
Professional Pensions
clock 29 October 2024 • 1 min read
Trustpilot