PENSION RISK TRANSFER
Smiths Industries Pension Scheme has insured $222 million in liabilities through a buy-in with Canada Life.
Dana Inc. purchased group annuity contracts to transfer the remaining liabilities of the Dana Retirement Plan, its largest U.S. defined benefit plan.
Legal & General Group is launching a pension risk transfer execution platform driven by blockchain technology.
Rolls-Royce insured £4.1 billion in liabilities through a buyout with Legal & General Assurance Society.
Mark and Spencer's M&S Pension Scheme insured £900 million ($1.2 billion) in liabilities through a buy-in with Pension Insurance Corp.
S&P Global Inc. purchased a group annuity from Pacific Life to transfer about $370 million in pension plan liabilities.
London-based 3i Group Pension Plan has completed a $124 million buy-in with Legal & General Assurance Society Ltd.
Avery Dennison Corp. purchased a group annuity contract from American General Life to transfer $750 million in U.S. pension liabilities.
Lennox International purchased a group annuity contract from Pacific Life Insurance Co. to transfer $100 million in pension liabilities.
Bank of America Merrill Lynch U.K. Pension Plan has insured £400 million ($523 million) in pension liabilities.