Cable and Wireless fund and L&G sign £340m buy-in

Deal secures the benefits of around 1,800 retirees and deferred scheme members

Holly Roach
clock • 2 min read
Cable and Wireless fund and L&G sign £340m buy-in

The Cable and Wireless Superannuation Fund has secured a £340m buy-in deal with Legal & General (L&G).

The deal - which secures the benefits of around 1,800 retirees and deferred scheme members - is the third and final transaction with L&G following previous deals in 2017 and 2019. L&G said the t...

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

Holly Roach
Author spotlight

Holly Roach

News Editor at Professional Pensions

More on Risk Reduction

Mechanical and electrical scheme powers £2m full buy-in with Legal & General

Mechanical and electrical scheme powers £2m full buy-in with Legal & General

Bulk annuity transaction secures benefits of 16 pensioners and three deferred members

Martin Richmond
clock 08 November 2024 • 2 min read
FTSE 100 surpluses increased to £65bn in October

FTSE 100 surpluses increased to £65bn in October

LCP’s Pensions Explorer notes impact of Budget on sponsor costs and pension decision-making

Jasmine Urquhart
clock 08 November 2024 • 1 min read
Halma and Apollo schemes secure buy-in deals with Standard Life worth £250m

Halma and Apollo schemes secure buy-in deals with Standard Life worth £250m

Bulk purchase annuity worth £250m and secure the benefits of 2,200 scheme members

Holly Roach
clock 07 November 2024 • 2 min read
Trustpilot