Mizuho Capital Markets has offloaded its hybrid pension fund through a transfer exercise and ultimately a buyout with Legal & General (L&G), following a corporate reorganisation.
The scheme with around 190,000 members, had a complex benefits structure whereby individual defined contribution (DC) accounts were underpinned by contracted-out defined benefits (DB). The deal ...
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