Keep up with what has been happening this week in our latest actuary news round-up…
Northern Gas Network has agreed to a £385m pensions buy-in with Legal & General which will cover the pension benefits of over 600 customers across Yorkshire, Cumbria and the North East.
30 of the world’s largest investors managing assets worth over $9trn including Legal & General Investment Management and Fidelity International, have pledged to achieve net zero carbon emissions across their investment portfolios by 2050.
LCP have announced that they plan to increase their ownership of the firm with Charterhouse Capital; who will be buying out a stake by Inflexion Private Equity, with the transaction due to be complete in mid-January 2021.
Insurer, Aviva have completed a bulk purchase annuity transaction worth £103m for the Homestyle 2007 Scheme allowing them to insure the defined benefit pension liabilities of their scheme members.
Aegon Master Trust has been rolled out for 5,000 Thermo Fisher Scientific UK members which includes a transfer of £120m of existing pension assets.