JLT scheme agrees 'innovative' £120m buy-in with Pru

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The JLT UK Group Pension Scheme has completed a buy-in to insure £120m of its defined benefit (DB) liabilities with Prudential.

The transaction, which covers a section of the £500m scheme's pensioner members, was structured to enable the trustees to secure the liabilities at a competitive price. Trigger prices were set f...

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