Reuters Pension Fund Finalizes Buy-in with Canada Life

By hedge, Fund, Insurance, Investment

Reuters Pension Fund Finalizes Buy-in with Canada Life

December 17, 2018

U.K. corporate pensions continue to derisk by selling off risk to insurance entities.

The Reuters Pension Fund is based in Sheffield, United Kingdom. The corporate pension fund insured £625 million in liabilities through a buy-in with Canada Life Financial Corporation.

This was the largest risk transfer deal conducted by Canada Life.

Law firm Sacker & Partners advised on the risk transfer, while investment consultant Redington advised.

The Reuters Pension Fund has £2.3 billion in assets.

Greg Meekings is the chairman of trustees for the Reuters Pension Fund.

SWFI – Sovereign Wealth Fund Institute

https://www.swfinstitute.org/swf-news/reuters-pension-fund-finalizes-buy-in-with-canada-life/

Members’ information – Reuters Pension Fund

https://www.reuterspensionfund.co.uk/members-information

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