Northern Bank Pension Scheme completes £286m buy-in with M&G

Transaction fully secures the benefits for 1,917 scheme members

Martin Richmond
clock • 2 min read
Northern Bank Pension Scheme completes £286m buy-in with M&G

The Northern Bank Pension Scheme has completed a £286m buy-in with M&G.

The bulk purchase annuity transaction - completed with M&G subsidiary Prudential Assurance Company (PAC) as the insuring entity - has fully secured the benefits for 1,917 members of the scheme. It ...

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Martin Richmond
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