ICAEW fund completes £50m buy-in with Canada Life

Third buy-in takes scheme’s insured benefits to around half of liabilities

James Phillips
clock • 1 min read
Trustee chair Edward Levy
Image:

Trustee chair Edward Levy

The Institute of Chartered Accountants’ Staff Pensions Fund has insured the benefits of around 200 pensioner members in a £50m buy-in with Canada Life.

The transaction is the third bulk annuity deal completed by the Institute of Chartered Accountants in England and Wales (ICAEW) scheme, although the first with Canada Life. The prior deals were ...

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

Inchcape Motors scheme completes £505m buy-in with L&G

Inchcape Motors scheme completes £505m buy-in with L&G

The deal secures the benefits of 2,295 retirees and 5,890 deferred scheme members

Holly Roach
clock 05 March 2025 • 2 min read
PwC index measures £180bn DB surplus in February

PwC index measures £180bn DB surplus in February

Firm says schemes are ‘reconsidering’ strategies

Jasmine Urquhart
clock 03 March 2025 • 2 min read
Update: Brookfield Wealth Solutions launches in UK following regulatory approvals

Update: Brookfield Wealth Solutions launches in UK following regulatory approvals

Insurer to begin operations in Q1 and operate under the Blumont Annuity UK branding

Jonathan Stapleton
clock 03 March 2025 • 3 min read
Trustpilot