Unnamed scheme and Canada Life agree £47.5m buy-in deal

Transaction covers 355 deferred members and 207 pensioner members

Holly Roach
clock • 2 min read
Unnamed scheme and Canada Life agree £47.5m buy-in deal

An unnamed scheme has completed a £47.5m buy-in deal with Canada Life, following a competitive tender process involving four insurers.

The transaction secures the benefits of 355 deferred members and 207 pensioner members. Gallagher acted as broker and project manager on the deal, and helped the trustees and sponsor establish a...

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