Browsing: Bulk Purchase Annuity Transactions

Pension schemes sponsored by Ford Motor Company Limited, including the Ford Hourly Paid Contributory Pension Fund and the Ford Salaried Contributory Pension Fund, have completed bulk purchase annuity buy-ins with Legal & General worth a total of £4.6bn.

The Trustees of the Ferno (UK) Limited Retirement and Death Benefits Scheme have agreed a c. £4m full scheme buy-in with Legal & General. The transaction was agreed in October 2025 and covers approximately 100 scheme members.

Longevity and Mortality Investor (LMI) is the new name for Life Risk News. Greg Winterton caught up with Chris Wells, Managing Editor at LMI, to discuss the reasons behind the rebrand, his thoughts on how the longevity and mortality markets have evolved in recent years, and plans for the future.

The BP Pension Fund has completed a £1.6bn bulk purchase annuity buy-in transaction with Legal & General. The deal was the first pension risk transfer transaction for the c.£18bn fund; L&G provided a gilt-based price lock using the fund’s gilt holdings to ensure price certainty.

Fidelity & Guaranty Life Insurance Company and Fidelity & Guaranty Life Insurance Company of New York, will assume responsibility for pension benefits for approximately 3,150 retirees and beneficiaries.

The transaction secures the benefits of more than 1,900 members and was finalised in August this year.

In total, the £105m buy-in protects the pensions of 1,341 members across both Schemes.

Completed in June 2025, the transaction secures the benefits of over 1,000 pensioners and dependents as well as over 750 deferred members.

Fenwick’s pension schemes have completed bulk purchase annuity buy-in transactions totalling £113m with Aviva. The transactions are part of a series of deals that stretch back to 2012.

Buy-in insures the benefits of all 348 members of the defined benefit section of the Scheme, sponsored by Welcome Break Group Ltd.