Bayer pens £280m buy-in with Canada Life

Transaction covers around 40% of the plan’s pensions in payment

Holly Roach
clock • 2 min read
Bayer pens £280m buy-in with Canada Life

The Bayer Group Pension Plan has agreed a £280m buy-in deal with Canada Life, securing the benefits of more than 1,300 retirees.

The buy-in deal - the first completed by the plan - covers around 40% of the scheme's pensions in payment and reduces its exposure to investment and longevity risk. Through the transaction, an u...

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