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
clock • 2 min read
Walkers Shortbread scheme bakes up £34m buy-in deal with L&G

The Walkers Shortbread Limited Retirement Benefits Scheme has secured a £34m buy-in deal with Legal & General (L&G).

The transaction secures the benefits of 161 retirees and 238 deferred members of the scheme – which is sponsored by Scottish shortbread and cake manufacturer Walker's Shortbread. On the transact...

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

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

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

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

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

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
clock 19 November 2024 • 2 min read
UPDATE: Brookfield enters into first UK reinsurance deal as G4S scheme secures £1.8bn full buy-in with Just Group

UPDATE: Brookfield enters into first UK reinsurance deal as G4S scheme secures £1.8bn full buy-in with Just Group

Insurer’s largest risk reduction deal to date secures benefits for around 22,500 members

Martin Richmond
clock 14 November 2024 • 4 min read
Trustpilot