Fortune 500 scheme agrees £150m full scheme buy-in

Bulk annuity with unnamed insurer is expected to convert to buyout soon

James Phillips
clock • 2 min read
Hymans Robertson head of risk transfer solutions James Mullins
Image:

Hymans Robertson head of risk transfer solutions James Mullins

An unnamed Fortune 500 company pension scheme has completed a £150m full scheme buy-in for 400 pensioner and deferred members.

The deal concluded on 23 November and is expected to convert to buyout in the short-term. Neither the company nor the insurer were named, but the deal's advisers included Hymans Robertson as lea...

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

Leprosy Mission  Central scheme completes £21m buy-in with L&G

Leprosy Mission Central scheme completes £21m buy-in with L&G

Deal insures the benefits of 197 retirees and 88 deferred members

Jasmine Urquhart
clock 03 July 2024 • 2 min read
TotalEnergies scheme secures £1.2bn buy-in with PIC

TotalEnergies scheme secures £1.2bn buy-in with PIC

Second transaction with the scheme secures the benefits of around 5,000 members

Holly Roach
clock 03 July 2024 • 2 min read
Updated: The biggest buy-ins and buyouts since 2007

Updated: The biggest buy-ins and buyouts since 2007

Professional Pensions rounds up the largest block transfers of liabilities to insurers

Professional Pensions
clock 03 July 2024 • 1 min read
Trustpilot