 |
|
 |  |  |  |
Pensioner buy-in with the Tate & Lyle Group Pension Scheme
Legal & General has entered into a £347m pensioner buy-in with the Trustee of the Tate & Lyle Group Pension Scheme. The Trustee of the scheme will hold the L&G bulk annuity policy as an investment to hedge 43% of the pensioner liabilities.
Legal & General was able to demonstrate a flexible approach to structure the contract to meet the Trustee's requirements and, once selected as preferred provider, L&G worked closely with the Trustee and its advisers to execute in a manner that provided certainty and transparency.
This is the largest bulk annuity transaction announced in 2012 by a UK pension scheme. The transaction demonstrates L&G's ability to win large scale bulk annuity business, supported by expert capability in longevity science and asset/liability matching. This enables us to meet both the client's needs and our target returns on economic capital. The transaction builds on the £480m of Bulk Purchase Annuities completed in 2012 at the end of Q3, and successful £1.1bn bulk annuity deal with the Trustee of the Turner & Newall Scheme in October 2011.
|
|
|
|
| Consultancy Bonanza! | ||
| UK-wide / London / hybrid - Negotiable | ||
| Service Delivery Manager - Pensions | ||
| Scotland / remote / 2 dpm in the office - Negotiable | ||
| Life Actuarial Student – Risk | ||
| Glasgow / hybrid 2 dpw office-based - Negotiable | ||
| Senior Investment Analyst | ||
| London / hybrid - Negotiable | ||
| ALM Strategy Specialist | ||
| Bermuda - Negotiable | ||
| Senior Casualty Reinsurance Actuary | ||
| London - £140,000 Per Annum | ||
| Senior Pensions Administrator - Midlands | ||
| Birmingham / hybrid - Negotiable | ||
| Senior Pensions Administrator - Scotland | ||
| Scotland / hybrid 2 days per month office-based - Negotiable | ||
| Investment Analyst | ||
| South East / hybrid - Negotiable | ||
| International Capital Management Actuary | ||
| Bermuda - Negotiable | ||
| VP Reserving Actuary | ||
| London - £150,000 Per Annum | ||
| Calling all BPA analysts! | ||
| North West / hybrid 50/50 - Negotiable | ||
| Financial Planning & Analysis Actuary | ||
| London/Hybrid - Negotiable | ||
| Apply Your Doctorate to Technical Pri... | ||
| Fully remote / nationwide / hybrid working options all available - Negotiable | ||
| Senior Investment Manager | ||
| London / hybrid - Negotiable | ||
| P&C Consultant | ||
| London / hybrid 3dpw office-based - Negotiable | ||
| Senior Pricing Actuary | ||
| London - £140,000 Per Annum | ||
| Actuarial Pensions Manager | ||
| Flex / hybrid 2-3 dpw office-based - Negotiable | ||
| Financial Reporting in beautiful Bermuda | ||
| Bermuda - Negotiable | ||
| Make a difference within BPA Administ... | ||
| North West / hybrid 50/50 - Negotiable | ||
Be the first to contribute to our definitive actuarial reference forum. Built by actuaries for actuaries.
Copyright © 2025 Actuarial Post. Created by Zero-One Design Ltd
