AA UK Pension Scheme completes £351m buy-in with Canada Life

Victoria Tichá
clock • 1 min read

Canada Life has signed a £351m bulk annuity contract insuring the pensioner liabilities of 2,510 members and dependents in the AA UK Pension Scheme.

The bulk annuity transaction, completed in August, is the second announced by Canada Life so far this year, following a £270.6m buy-in of the Hays Pension Scheme after a quiet first half. The de...

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

Church of Scotland secures £75m multi-scheme buy-in deal with Just Group

Church of Scotland secures £75m multi-scheme buy-in deal with Just Group

Transaction covers two schemes and three sections sponsored by the Church of Scotland

Holly Roach
clock 18 March 2025 • 2 min read
LCP predicts over 300 buy-in deals will be completed in 2025

LCP predicts over 300 buy-in deals will be completed in 2025

Growth being driven by streamlined services for smaller schemes

Jonathan Stapleton
clock 14 March 2025 • 2 min read
Fuller's scheme completes full buy-in with Legal & General

Fuller's scheme completes full buy-in with Legal & General

Pub and hotel group said move demonstrates its financial strength and reduces liabilities

Jonathan Stapleton
clock 13 March 2025 • 1 min read
Trustpilot