 |
|
 |  |  |  |
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.
|
|
|
|
| Data-driven pricing analyst | ||
| Cardiff / hybrid 2-3 dpw office-based - Negotiable | ||
| Senior Pensions Administrator | ||
| Various UK locations / hybrid - Negotiable | ||
| Capital Actuary | ||
| London - £140,000 Per Annum | ||
| Reporting Manager - South East/Hybrid | ||
| South East, Hybrid - Negotiable | ||
| Project-oriented pensions consultant ... | ||
| Any UK Office location / Hybrid working, 2 days p/w in office - Negotiable | ||
| Senior BPA Leader | ||
| London / hybrid 3 dpw office-based - Negotiable | ||
| Risk Settlement Project Support | ||
| UK-wide / hybrid 2 dpw office-based - Negotiable | ||
| Risk Settlement Lead | ||
| UK-wide / hybrid 2 dpw office-based - Negotiable | ||
| Pricing Analyst - Life Actuarial | ||
| South East / hybrid - Negotiable | ||
| Senior Actuarial Trainee | ||
| South East / hybrid 3 days p/w office-based - Negotiable | ||
| Head of Capital | ||
| London - £160,000 Per Annum | ||
| Actuary – Broker | ||
| London - £150,000 Per Annum | ||
| Senior Pricing Analyst - Travel Insur... | ||
| London / hybrid 3 dpw office-based - Negotiable | ||
| BPA Analyst - Non-actuarial | ||
| North West / hybrid 50/50 - Negotiable | ||
| Financial & Insurance Risk Actuary | ||
| Scotland / hybrid 2 dpw office-based - Negotiable | ||
| Pensions (Scheme) Regulation Director... | ||
| London or Birmingham with flexible hybrid working - Negotiable | ||
| Cross-Asset Structurer - International | ||
| Zurich - Negotiable | ||
| BPA Transition Manager | ||
| South East - Negotiable | ||
| Calling all technical pensions specia... | ||
| North West with a range of hybrid working options - Negotiable | ||
| Take the lead on London Market pricing | ||
| London – 3 days per week in the office - Negotiable | ||
Be the first to contribute to our definitive actuarial reference forum. Built by actuaries for actuaries.
Copyright © 2026 Actuarial Post. Created by Zero-One Design Ltd
