Aviva has completed a £350 million bulk purchase annuity buy-in transaction with the Co-operative Pension Scheme, while Legal & General has agreed two pension risk transfer (PRT) deals with IHS Markit.
The defined benefit pension liabilities of an additional 2,300 members of the Co-operative Pension Scheme will be insured by Aviva, which in January announced an initial £1 billion deal.
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