Motor industry scheme drives £19m buy-in with unnamed insurer

Risk reduction transaction secures benefits for 52 pensioners and 17 deferred members

Martin Richmond
clock • 1 min read
Motor industry scheme drives £19m buy-in with unnamed insurer

A pension scheme sponsored by an unnamed motor industry company has secured a full £19m buy-in with an unspecified insurer.

The bulk annuity transaction has secured the benefits for 52 pensioners and 17 deferred members. The transaction was led by K3 Advisory, while Spence & Partners provided administration, actuarial 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

South East Water Pension Scheme secures £120m buy-in deal with Just Group

South East Water Pension Scheme secures £120m buy-in deal with Just Group

Second transaction with the scheme means all member benefits are now insured

Holly Roach
clock 14 April 2025 • 2 min read
Escrow: The unsolved solution to pension problems?

Escrow: The unsolved solution to pension problems?

LawDeb and Dentons look at the use of escrow to solve problems such as trapped surplus

James Rickards and Carolyn Saunders
clock 14 April 2025 • 4 min read
L&G secures £800m for smaller schemes through its tailored solution

L&G secures £800m for smaller schemes through its tailored solution

Most transactions with service were with clients of L&G’s asset management business

Jasmine Urquhart
clock 10 April 2025 • 1 min read
Trustpilot