Harrods scheme and Scottish Widows complete £400m buy-in

Deal insures the benefits of around 1,900 pensioners and 2,100 deferred members

Holly Roach
clock • 1 min read
Harrods scheme and Scottish Widows complete £400m buy-in

The Harrods Group Pension Plan has completed a £400m buy-in transaction with Scottish Widows.

The deal - announced today (12 June) - secures the benefits of around 1,900 pensioners and 2,100 deferred members. XPS Pensions Group acted as lead transaction adviser on the deal, while legal a...

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