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Maersk agrees £1.1bn buy-in with L&G


So far, DC plans have largely been focused on the onset of auto-enrolment and changes to the regulatory framework - be it the ‘charge cap, ‘pension freedoms or consultations around ‘value for money , says Annabel Tonry, Executive Director at J.P. Morgan Asset Management (JPMAM).Download
In 2015 George Osborne, then the UK Chancellor of the Exchequer, decided that those age over 55 could take much more of their pension in cash. This has since opened up a range of possibilities for DC scheme members in the world of pensions.Download
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United Kingdom , Laura Mason , Nigel Pusey , National Grid , Northern Gas Networks Pension Scheme , Aon Retirement Plan , ஒன்றுபட்டது கிஂக்டம் , லாரா கொத்தனார் , நைகல் ப்யூஸீ , தேசிய கட்டம் , வடக்கு வாயு நெட்வொர்க்குகள் ஓய்வூதியம் திட்டம் , ஏயான் ஓய்வு திட்டம் ,

Northern Gas Networks completes buy-in transaction


14th December 2020
10:45 am
Gas distributor Northern Gas Networks (NGN) has completed a £385 million pensions buy-in transaction with Legal and General.
The arrangement will secure the defined benefit (DB) pension benefits of 600 retired members of the Northern Gas Networks Pension Scheme, removing their investment and longevity risks from the scheme. Members will not see any change in the amount of their benefits or how these are paid following the transaction.
The transaction covers around two thirds of the scheme’s members. Due to the current climate, the trustee and NGN were able to take advantage of market conditions to establish a buy-in deal. ....

David Waite , Northern Gas Networks Pension Scheme , Northern Gas Networks , டேவிட் காத்திருங்கள் , வடக்கு வாயு நெட்வொர்க்குகள் ஓய்வூதியம் திட்டம் , வடக்கு வாயு நெட்வொர்க்குகள் ,

UK roundup: Northern Gas Networks scheme in £385m buy-in deal


By IPE Staff2020-12-10T12:14:00+00:00
Northern Gas Networks Pension Scheme has agreed a a £385m (€415m) buy-in transaction with Legal & General Assurance Society Limited, securing the pension benefits of more than 600 retirees.
Northern Gas Networks (NGN) is the gas distributor for the North of England, transporting gas to 2.7 million homes and businesses across the North East, most of Yorkshire and northern Cumbria.
The scheme is an existing client of Legal & General, with Legal & General Investment Management (LGIM) having managed a proportion of the fund’s assets since the scheme was established in 2005.
This transaction is the scheme’s first buy-in policy and covers around two thirds of its members, it was announced. ....

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