Rothesay Life strikes pension deal with British Airways
by Gill Montia
Story link: Rothesay Life strikes pension deal with British Airways
Rothesay Life has announced that it is insuring £1.3 billion of the pension liabilities of the Airways Pension Scheme, one of two defined benefit schemes sponsored by British Airways. The policy provided by the Goldman Sachs subsidiary covers some 20% of the pension payments due in respect of scheme members already in receipt of benefits. [...]
Lucida strikes deal with Merchant Navy Officers’ Pension Fund
by Gill Montia
Story link: Lucida strikes deal with Merchant Navy Officers’ Pension Fund
Lucida Plc, the insurance company focused on the annuity and longevity risk business, has agreed to insure £500 million in pension liabilities held by the trustees of the Merchant Navy Officers’ Pension Fund (MNOPF). The MNOPF was set up in 1937 to allow shipping companies to provide retirement and death benefits for their officers and [...]
