Browsing: Bulk Purchase Annuity Transactions

The Scheme is sponsored by Royal Star & Garter, a UK charity that provides care for veterans and their partners living with disability or dementia; the transaction was completed in November 2025 and secures the benefits of 251 members.

Primula Ltd Pension Scheme Completes Bulk Purchase Annuity Buy-In With PIC. The deal covers the 74 plan members.

The Finnair Oyj Retirement Benefit Scheme has secured a £4m full scheme bulk purchase annuity buy-in with Aviva. The Scheme is sponsored by Finnair Oyj, the flag carrier and largest airline of Finland.

The transaction, finalised in December, covers more than 1,600 members and marks Royal London’s second largest external buy-in to date, after the £275m transaction completed with the Grant Thornton Pensions Fund in May of last year.

The Dr. Martens Airwair Group Pension Plan has completed a £37.5m bulk purchase annuity buy-in with Pension Insurance Corporation. The deal covers the 455 plan members.

Well over half (58%) of defined benefit pension scheme members in the UK would support their scheme running on to generate a surplus, according to the latest Excellence in Endgames research paper from Hymans Robertson.

£155m bulk purchase annuity buy-in covers the benefits of 1,581 plan members.

The Skanska Pension Fund has purchased a £525m full scheme bulk purchase annuity buy-in covering all of its c.5,500 members, from Standard Life. The buy-in included the novation of the fund’s existing longevity swap which it held with Zurich Assurance since 2017.

The Peel Ports Final Salary Pension Scheme has completed a £230m bulk purchase annuity buy-in with PIC, covering the pensions of c.2,000 members across a number of Peel Ports Group companies.

The Ridsdale Pension and Death Benefit Trust has completed a £7m full scheme bulk purchase annuity buy-in with Just Group, securing the benefits of 30 members – 22 pensioners and 8 deferred members.