Northern Gas Network agrees to pensioner buy-in with Legal & General & more…Keep up with what has been happening this week in our latest actuary news round-up…
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.
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.
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 has announced that their Master Trust will become a fully independent board and recruit a new trustee rather than the affiliate board structure it has currently in the hopes to bring additional external oversight and expertise.
Aviva Life & Pensions UK has completed a £875m buy-in with the Aviva Staff Pension Scheme. This is the second time the pension scheme has made a deal with Aviva after a £1,7bn buy-in in 2019.