The full scheme buy-in insures the benefits of 4,800 pensioner and deferred members
Around half of the liabilities of the scheme were reinsured to minimise capital strain
Deal secures benefits for 89 deferred members and 52 active members
It offers personalised content and tools to help people engage with retirement planning
Deal comes as part of umbrella contract implemented as part of earlier transaction
The proportion of deferred members totalled around 80% of scheme liabilities
K3 Advisory and Cartwright support deal with large proportion of deferred members
The full buy-in transaction was signed in December for an undisclosed sum
Deferred-heavy deal completed at the end of 2021 in midst of ‘intense market’ conditions
A total of 29 deals range in size from between £3m and £250m as H2 saw higher demand