Retreat York Pension Scheme agrees £30m buy-in deal with Royal London

Full scheme transaction secures benefits of 202 pensioners and 108 deferred members

Holly Roach
clock • 2 min read
Retreat York Pension Scheme agrees £30m buy-in deal with Royal London

The Retreat York Pension Scheme has completed a £30m full buy-in with Royal London, securing the benefits of 202 pensioners and 108 deferred members.

The transaction with the not-for-profit organisation Retreat York – completed in July – was a "market first" for Royal London, following its entry into the bulk purchase annuity (BPA) market earlie...

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

Large DB schemes 'dominate' risk transfer market

Large DB schemes 'dominate' risk transfer market

165 deals transacted in H2 2024 as small scheme market continues to grow

Jasmine Urquhart
clock 09 April 2025 • 1 min read
Skipton Building Society secures £105m buy-in with Rothesay

Skipton Building Society secures £105m buy-in with Rothesay

Transaction secures the benefits of all 705 scheme members

Holly Roach
clock 08 April 2025 • 2 min read
Trustees favour sponsor loans and secondary market sales for BPA transactions

Trustees favour sponsor loans and secondary market sales for BPA transactions

Standard Life says most are considering a sponsor loans to manage illiquid assets

Jasmine Urquhart
clock 01 April 2025 • 1 min read
Trustpilot