Airways Pension Scheme lands £4.4bn pensioner buy-in with Legal and General

clock • 2 min read

The British Airways sponsored Airways Pension Scheme (APS) has completed a £4.4bn pensioner bulk annuity buy-in with Legal & General.

The deal - the largest pensioner buy-in ever completed in the UK market - will cover around 60% of the scheme's pensioner liabilities. The transaction accounts for existing longevity reinsurance...

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

More on Risk Reduction

Boys' Brigade scheme secures £4.5m buy-in with Just Group

Boys' Brigade scheme secures £4.5m buy-in with Just Group

Full scheme transaction secures the benefits of 15 deferred members and 34 pensioners

Holly Roach
clock 24 February 2025 • 2 min read
How insurers have stepped up to solve the industry-wide illiquid asset challenge

How insurers have stepped up to solve the industry-wide illiquid asset challenge

There has been a step-change in insurers’ willingness to take on DB illiquid assets

James Fermont
clock 19 February 2025 • 3 min read
Geoghegan & Company Staff Pension Scheme secures £1.5m buy-in with Just

Geoghegan & Company Staff Pension Scheme secures £1.5m buy-in with Just

Full scheme buy in secures the benefits of eight deferred members and eight pensioners

Holly Roach
clock 18 February 2025 • 2 min read
Trustpilot