THE trustee of the Cable & Wireless Superannuation Fund has bought out its pensioner liabilities in a bulk annuity buy-in worth over £1bn.
The book covers the pensioners in payment element of the Cable & Wireless scheme – or around 5000 members in total. Cable & Wireless will continue to administer the fund and the terms of the pensi...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
In just a few clicks you can start your free Professional Pensions Lite membership for 12 months, providing you access to:
- 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
