Chartered Insurance Institute Pension Scheme 1993, London, insured £55 million ($78 million) in liabilities through a buy-in with Legal & General Assurance Society, a spokeswoman said.
The transaction, which was the pension fund's first buy-in, covers the benefits of 330 plan participants, including about 150 retirees.
The trustees were advised on the transaction by consultant Mercer and law firm Stephenson Harwood.
"We are very proud to be able to offer our scheme members the protection to their pensions and peace of mind that this insurance policy provides," John Bissell, chief operating officer of the Chartered Insurance Institute, said in a news release Thursday. "This transaction underscores our commitment to meeting the pension obligations and places the scheme and the Institute in a strong position for the future."
The £48 million plan intends to continue its de-risking journey with buyout in 2022.