M&G re-enters market with two buy-in deals totalling £617m

Insurer re-enters market to secure the benefits for the members of two schemes

Martin Richmond
clock • 2 min read
M&G re-enters market with two buy-in deals totalling £617m

M&G has announced its re-entry to the bulk annuity market with the completion of two buy-in transactions totalling £617m.

The first bulk annuity transaction was for the M&G Group Pension Scheme (M&GGPS), which secured the benefits of 1,414 pension and deferred members. The insuring entity is the Prudential Assurance C...

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

Martin Richmond
Author spotlight

Martin Richmond

Reporter at Professional Pensions

View profile
More from Martin Richmond

No industry agreement on need for a long-term savings commission

Border to Coast calls for reforms to boost productive asset investments

More on Risk Reduction

Six BPA insurers wrote deals of more than £5bn for first time last year
Risk Reduction

Six BPA insurers wrote deals of more than £5bn for first time last year

LCP says last year ‘most competitive year ever’ for BPA insurers

Jasmine Urquhart
Jasmine Urquhart
clock 27 March 2025 • 2 min read
Webinar: Assessing the benefits of run-on – Register now
Risk Reduction

Webinar: Assessing the benefits of run-on – Register now

How run-on can work in practice and the key considerations for trustees and sponsors

Professional Pensions
Professional Pensions
clock 27 March 2025 • 1 min read
Rothesay publishes full-year trading update revealing £15.7bn of business in 2024
Risk Reduction

Rothesay publishes full-year trading update revealing £15.7bn of business in 2024

Deals include a £9.6bn NatWest transaction and the firm’s Scottish Widows acquisition

Jonathan Stapleton
Jonathan Stapleton
clock 27 March 2025 • 2 min read
Trustpilot