British Airways' scheme completes £1.3bn buy-in with Rothesay Life

Jonathan Stapleton
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UK - One of British Airways' two pension schemes has insured £1.3bn (US$1.9bn) of pensioner liabilities in a buy-in deal with Rothesay Life.

The insurance policy provides cover for some 20% of the pension payments due in respect of Airways Pension Scheme members already in receipt of pension benefits. The liabilities are covered by a...

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