The British Steel Pension Scheme (BSPS) has completed a £2.7bn buy-in deal with Legal & General (L&G), to fully secure the remaining 40% of the scheme’s liabilities.
This week’s top stories include NatWest Group’s acquisition of a majority shareholding in Cushon, and Citrus Pension Plan and Legal & General’s £6.5m buy-in.
The Citrus Pension Plan has completed a £6.5m buy-in with Legal & General (L&G) for the Amey Services section of the plan, securing the benefits of 70 retired and deferred members.