Mutual Scottish Friendly has completed the acquisition of a back book of life and pension policies from financial services provider Canada Life.
More than 4,500 pension scheme members breached the lifetime allowance in the 2017/18 tax year, an increase of 36% from the year before, according to HM Revenue and Customs (HMRC).
Around £17.5bn of buy-ins and buyouts were transacted in the first half of the year as market records continue to tumble.
This week's top stories included The Pensions Regulator launching a consultation on the future of trusteeship.
The Smiths Industries Pension Scheme has secured a £176m buy-in with Canada Life, its second with the insurer.
This week's top stories included The Pensions Regulator announcing its next chief executive, as well as the details of a joint fraud operation with the police.
The Reuters Pension Fund has completed a £625m full pensioner buy-in with Canada Life in the insurer's largest ever deal.
This week's top stories included The Insolvency Service disqualifying four trustee directors who were found to have mismanaged members' pension funds.
Canada Life has signed a £351m bulk annuity contract insuring the pensioner liabilities of 2,510 members and dependents in the AA UK Pension Scheme.
The British Airways sponsored Airways Pension Scheme (APS) has completed a £4.4bn pensioner bulk annuity buy-in with Legal & General.