The buy-in insures the benefits for 5,800 pensioner members of the utility firm
Transaction transfers longevity risk for around 7,000 members to Zurich UK and PFI
PP brings together all the people moves in the pensions industry over the past week
Transaction will protect the fund against rising costs and provide greater security
Nationwide Building Society deal covers its pensioners across Cheshire and Derbyshire
The Co-operative Pension Scheme (Pace) has entered into its fourth bulk annuity transaction of 2020, agreeing a £350m buy-in with Aviva.
The Co-operative Pension Scheme, known as Pace, has completed a £1bn buy-in with Aviva in the first announced bulk annuity deal of 2020.