The Civil Aviation Authority (CAA) Pension Scheme has completed a £1.6bn buy-in with Rothesay Life to insure the benefits of approximately two thirds of its members.
The deal, which also covers about two thirds of the scheme's liabilities, is the second largest buy-in after the ICI transaction in 2014 and is the biggest bulk annuity completed so far this year. ...
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
