Tui agrees £800m buy-ins with L&G

James Phillips
clock • 2 min read

Global travel firm Tui has agreed two buy-ins worth a total of £794m with Legal & General (L&G) Assurance Society, insuring two sections of the Tui Group UK Pension Trust.

A £610m partial buy-in has been agreed with the Britannia Airways Limited (BAL) section, while the Thomson Airways Pension Scheme section (TAPS) secured a £184m full buy-in. They are the first p...

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

Low & Bonar Group scheme completes £50m buy-in with Just Group

Low & Bonar Group scheme completes £50m buy-in with Just Group

Buy-in which secures benefits of around 1,700 remaining uninsured members

Jasmine Urquhart
clock 14 February 2025 • 1 min read
Finning Pension Scheme completes £250m buy-in with Standard Life

Finning Pension Scheme completes £250m buy-in with Standard Life

Full scheme bulk purchase annuity insures the benefits of around 2,170 members

Jonathan Stapleton
clock 12 February 2025 • 2 min read
TUI agrees £370m buy-in deal with L&G

TUI agrees £370m buy-in deal with L&G

Second deal with the BAL section of the scheme means all member benefits are now insured

Holly Roach
clock 11 February 2025 • 3 min read
Trustpilot