Contship Containerlines scheme completes £25m buy-in with L&G

Transaction fully insures the benefits for around 150 members of the scheme

Martin Richmond
clock • 2 min read
Contship Containerlines scheme completes £25m buy-in with L&G

The Contship Containerlines Limited 1979 Pension Scheme has completed a £25m full buy-in with Legal & General (L&G).

The bulk annuity transaction for the scheme was completed earlier this month and has fully secured the benefits for approximately 150 members of the scheme. L&G was selected following an insurance ...

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

Industry not in favour of chancellor's proposal to subject pensions to IHT

SPP: DB funding code will create clarity between funding, covenant and investment

More on Risk Reduction

Superfunds to take on 'more leading role' in risk transfer
Risk Reduction

Superfunds to take on 'more leading role' in risk transfer

Hymans Robertson says ‘changing market dynamic’ will boost the role of superfunds

Jasmine Urquhart
Jasmine Urquhart
clock 20 November 2024 • 1 min read
Schemes urged to 'tackle the tough questions' when deciding endgame strategy
Risk Reduction

Schemes urged to 'tackle the tough questions' when deciding endgame strategy

LCP urges stakeholders to ‘grasp the nettle’ to avoid ‘sleepwalking’ into endgame strategy

Jonathan Stapleton
Jonathan Stapleton
clock 19 November 2024 • 2 min read
Walkers Shortbread scheme bakes up £34m buy-in deal with L&G
Risk Reduction

Walkers Shortbread scheme bakes up £34m buy-in deal with L&G

Transaction secures the benefits of 161 retirees and 238 deferred members

Holly Roach
Holly Roach
clock 14 November 2024 • 2 min read
Trustpilot