Transaction secures the benefits of over 850 deferred members and 650 pensioners
Buy-in took place in July 2024, with buyout secured in January 2025
Heywood, L&G and Pension Fusion have passed through the final stages required to connect
The deal secures the benefits of 2,295 retirees and 5,890 deferred scheme members
Regulator says number of DC schemes fell to 920 in 2024 while memberships grew to over 30 million
Agreement enables the firm’s DC contributions to be funded from the DB surplus
Deal secures the benefits of 30 deferred members and 10 pensioner members
LCP report states providers are facing ‘competitive pressure’ from others in the market
TPP calls for pension transfer incentives ban while SPP puts forward solutions to red flag issues
Organisation confirms it will shut down after launching in 2020