MNOPF signs £500m buy-in deal with Lucida

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UK - The Merchant Navy Officers Pension Fund has insured around £500m (US$799m) of its pension liabilities through a bulk annuity buy-in deal with Lucida.

The agreement will mean Lucida will insure over half of the total pensioner benefits of the scheme's "old section" - a section of the fund which closed in 1978 and covers almost 22,000 retired memb...

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