Pfizer affiliate vaccinates U.K. plan with second buy-in
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Wyeth Group Pension and Life Assurance Scheme (1997), Sheffield, England, completed a £190 million ($268 million) buy-in with Aviva, confirmed Suthan Rajagopalan, risk transfer partner at Mercer.
Mercer acted on behalf of the pension plan trustees.
The deal covers just less than 50% of total liabilities. The £450 million pension fund, which is sponsored by Pfizer Group affiliate John Wyeth & Brother, has now insured close to all defined benefit liabilities through the latest buy-in and a £158 million risk transfer deal with Just Group in 2018, Mr. Rajagopalan said in an email. This is another important step for the scheme and wider group as we seek to secure members benefits and reduce the risk exposures of our pension arrangements, Patrick McKenna, senior director international pensions at Pfizer, said in a news release by Aviva. Aviva put forward attractive pricing and innovation proposals to address a c
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good evening. as we begin this week there is a wildfire descending on one of the most sensitive and secret locations in america. the los alamos nuclear lab in new mexico, the place where the atomic bomb was born. there are tonight more than 10,000 people in the surrounding town on the run. the fire already 44,000 acres. and threatening to triple in size. and as we said, in a moment, we ll also bring you an investigation into some serious problems with how all of us living near nuclear plants, 120 million americans, should evacuate in a crisis. but let s start now with abc s ryan owens covering that fire in los alamos tonight. and, ryan, good evening to you. i think i can see the fire in the haze behind you. reporter: good evening to you, diane. that is correct. and that is all you can see. this is the main road in and out of town. as you can see, it is largely deserted. the evacuation of 12,000 people, the entire community of los alamos, is for the most part complete toni