Author: LMI Newsdesk
The total structure is valued at over $400m, including the Class A and Class B notes and the residual interest.
$3bn in buy-out and buy-in sales in the second quarter of 2026 represents a decline of more than 25% compared to the same period last year.
The £9m transaction, which completed in April, secured the benefits of around 90 members.
£52m full-scheme bulk purchase annuity buy-in with Canada Life. The transaction secures the future pension benefits for 300 pensioner and 130 deferred scheme members.
£100m bulk purchase annuity transaction secures the benefits for 650 scheme members.
The transaction involved the reinsurance of a block of whole life liabilities for a pan-Asian insurance provider.
The main proposed update is the adoption of the 2015 Valuation Basic Tables for mortality rates.
11m bulk purchase annuity buy-in secures the benefits of 87 members, comprising 62 pensioners and 25 deferred members.
Under the agreement, more than 400 members of the Scheme and approximately £40m of assets will transfer to Clara.
The transaction covered £400m of assets and secures the future pension benefits of more than 3,000 pensioners and 4,000 deferred scheme members.