Newell Rubbermaid scheme secures £225m buy-in

Deal with L&G secures benefits for 800 retirees and 900 deferred scheme members

Hope William-Smith
clock • 1 min read
Lichfield, Staffordshire — headquarters for Newell Brands in the UK
Image:

Lichfield, Staffordshire — headquarters for Newell Brands in the UK

Newell Rubbermaid UK Pension Scheme has secured benefits for a total 1,700 members in a £225m buy-in with Legal & General (L&G).  

The scheme - which oversees the pension assets of manufacturer and commercial products producer Newell Brands - has 900 deferred pension members and 800 retirees. Schroders Solutions - created l...

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

More on Risk Reduction

How insurers have stepped up to solve the industry-wide illiquid asset challenge

How insurers have stepped up to solve the industry-wide illiquid asset challenge

There has been a step-change in insurers’ willingness to take on DB illiquid assets

James Fermont
clock 19 February 2025 • 3 min read
Geoghegan & Company Staff Pension Scheme secures £1.5m buy-in with Just

Geoghegan & Company Staff Pension Scheme secures £1.5m buy-in with Just

Full scheme buy in secures the benefits of eight deferred members and eight pensioners

Holly Roach
clock 18 February 2025 • 2 min read
Deutz scheme secures £16m buy-in deal with Just Group

Deutz scheme secures £16m buy-in deal with Just Group

Transaction secures the benefits of 181 scheme members

Holly Roach
clock 17 February 2025 • 2 min read
Trustpilot