Third buy-in takes scheme’s insured benefits to around half of liabilities
Cute photo of Eversheds Sutherland partner puppy sparks resurgence in pension pet pics
Deal agreed in June will complete following a data cleanse and true-up process
Deal agreed 13 years after first buy-in between the scheme and insurer
Third bulk annuity for the scheme after 2016 and 2018 deals with PIC and L&G
Deferred members comprised the majority of the insured 530-person cohort
Deal insures liabilities for 277 members of the flavour and fragrance manufacturer scheme
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.
Professional Pensions rounds up some of the latest tender awards from across the industry.
The Prudential Insurance Company of America (PICA) has concluded a £6bn longevity reinsurance deal, with Zurich Assurance acting as an intermediary on a pass-through basis.