West Bromwich Building Society agrees £70m buy-in deal with Canada Life

Deal secures the benefits of 490 deferred members and 400 pensioner members

Holly Roach
clock • 2 min read
West Bromwich Building Society agrees £70m buy-in deal with Canada Life

The West Bromwich Building Society Staff Retirement Scheme has completed a £70m buy-in transaction with Canada Life.

The deal secures the benefits of all members including 490 deferred members and 400 pensioner members. Lane Clark & Peacock (LCP) was risk transfer adviser to the trustee with the deal being com...

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Holly Roach
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Holly Roach

News Editor at Professional Pensions

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