Transaction covers around 40% of the plan’s pensions in payment
Transaction fully secures the benefits for 1,917 scheme members
Transaction between the pair means all scheme members are now fully insured
Transaction secures the benefits for approximately 570 members
Transaction insures the benefits of 14,000 members of two schemes
Deal insures the benefits of around 1,900 pensioners and 2,100 deferred members
PP brings together all the appointments in the pensions industry over the past week
Banking group scheme pens back-to-back reinsurance deal with Pacific Life Re
PP brings together all the appointments in the pensions industry over the past week
‘Some rowing back’ may happen as framework is taken apart