Fourth-generation family business secures benefits for 110 scheme members
Liabilities covered for approximately 1,400 pensioner members
Smart Pensions’ Darren Philp and Greater Manchester fund’s Euan Miller among recruits
Two pensions staffers promoted in bid to diversify ‘outside traditional legal services’
The bulk annuity transaction covers all members of the Findel Group Pension Fund
Deal comes as part of umbrella contract implemented as part of earlier transaction
Deal agreed in June will complete following a data cleanse and true-up process
Pensioner-only transaction forms part of insurer’s first half bulk annuity deals
Pension transfers will be red flagged and blocked if savers have been approached via social media under stronger anti-scam plans set out by the government today.
The ICL Group Pension Plan has entered into a £3.7bn intermediated longevity swap via a Guernsey-based captive, with Swiss Re reinsuring the risk.