Transaction fully insures the benefits for around 150 members of the scheme
Buy-in set to secure the benefits of six pension scheme members
Deal with L&G follows on from a similar £325 buy-in in 2018
Second deal for two-section scheme sees all members’ benefits now insured
Deal initially structured as buy-in before full handover to L&G expected next year
Bulk annuity transaction insures more than 80 members and prepares scheme for buyout
Global travel firm Tui has agreed two buy-ins worth a total of £794m with Legal & General (L&G) Assurance Society, insuring two sections of the Tui Group UK Pension Trust.