31-member deal comes after enhanced covenant and security package from sponsor
Continuing demand for longevity risk insurance products perseveres throughout volatility
Quieter H1 market due to busy second half last year and well-prepared schemes could benefit
Small scheme deal is the first announced 2021 transaction for the insurer
H Samuel and Ernest Jones owner plans to convert the policy to a buyout
Provider and insurer also saw a 30% growth in AUM within its DC business
Third bulk annuity for the scheme after 2016 and 2018 deals with PIC and L&G
Benefits for fewer than 60 members of the Tesco subsidiary scheme to head to buyout
The deal is the first announced by this insurer for 2021, with a focus on ‘value not volume’
L&G insures the benefits of around 1,200 members after working with the scheme for 12 years