Canada Life completes £100m bulk annuity buy-in with Rathbones Group, covering pension liabilities for 480 members.
Canada Life has completed a £100m bulk purchase annuity buy-in with Rathbones Group, covering their 1987 Pension Scheme and the Laurence Keen Retirement Benefits Scheme. The insurer will cover defined benefit pension liabilities for around 480 members, removing investment and longevity risk, and ensuring no changes to member benefits. The deal was supported by professional advice from Isio, Burges Salmon, and Broadstone.
May 09, 2024
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