General Motors agrees £230m buy-in

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The General Motors UK Pension Plan has entered into a £230m buy-in with Rothesay Life to cover the benefits of all of its 11,000 members.

The deal takes the volume of bulk annuity business written by Rothesay Life this year above £1bn after the insurer announced a £680m buy-in with the Merchant Navy Officers' Pension Fund earlier tod...

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