LGPS fund already engages with companies alongside investment manager LPPI
This is the scheme’s third buy-in and secures benefits for almost 200 members
Deal covers the benefits of 29 deferred members and 39 pensioners
Transaction secures the benefits for 14 deferred members and ten pensioners
Transaction range from £600,000 to £2m and secure benefits for small number of members
The latest transaction by the scheme secures the benefits of all remaining members
ITB and Just secure buy-in, cuts to DB transfer compensation, DWP consultation responses
This is the fifth and final buy-in transaction completed by the fund
BP pensioners stage protest, half-year results, trustee to be sentenced, P&O buy-in
L&G and Just post strong risk transfer business in first half of 2023