Aon agrees £510m buy-in with Scottish Widows

James Phillips
clock • 2 min read

The Aon Retirement Plan has completed a £510m pensioner buy-in with Scottish Widows, insuring members in the Aon Bain Hogg Pension Scheme section.

It is the fourth bulk annuity agreed by the scheme, and the second for the particular section, including a £900m deal in 2016. The deal completed in November and covers around 1,500 pensioners. ...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • 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

Join now

 

Already a Professional Pensions
member?

Login

James Phillips
Author spotlight

James Phillips

Professional Pensions journalist from 2016-2022

More on Risk Reduction

Record number of buy-in transactions completed in 2024

Record number of buy-in transactions completed in 2024

Hymans analysis shows total PRT volumes in 2024 expected to amount to £47.6bn

Martin Richmond
clock 21 March 2025 • 2 min read
BT Pension Scheme completes two longevity swap deals totalling £10bn

BT Pension Scheme completes two longevity swap deals totalling £10bn

Deals with Swiss Re and RGA further protect scheme from unexpected life expectancy rises

Jonathan Stapleton
clock 21 March 2025 • 2 min read
Anglo American completes £785m combined buy-in transaction with L&G

Anglo American completes £785m combined buy-in transaction with L&G

Deal covers three schemes and secures the benefits for 5,100 retirees and 2,500 deferred members

Holly Roach
clock 20 March 2025 • 3 min read
Trustpilot