Author: LMI Newsdesk
The transaction, which completed in June 2026, covers approximately 1,500 deferred members and around 1,250 pensioners and dependants.
£100m bulk purchase annuity transaction secures the benefits of 550 scheme members.
The trustees of the Credit Commercial de France have completed a £10m pension scheme buy-in transaction with Royal London.
The transaction, which was completed in July 2026, secures the benefits of over 10,000 members and their dependants.
New stress test based on hypothetical matching adjustment portfolios from S&P Global Ratings suggests ‘significant resilience’.
During June, the estimated cost to transfer retiree pension risk to an insurer in a competitive bidding process in the US inched down by 10 basis points.
The news comes nine months after the trustees signed a £4.3bn full scheme buy-in with PIC, which has appointed Brightwell as its administration partner.
The transaction secures the benefits of all 39 members, comprising 17 pensioners and 22 deferred members, and completed on 29 May 2026.
£11m buy-in secures the benefits of 24 deferred members and 59 pensioners and dependant pensioners.
The transaction, completed in May 2026, secures the benefits of the remaining 629 deferred and 51 pensioner members of the Plan and completes the buy-in of all plan liabilities.