Reuters Pension Fund Finalizes Buy-in with Canada Life

Posted on 12/17/2018

U.K. corporate pensions continue to derisk by selling off risk to insurance entities. The Reuters Pension Fund is based in Sheffield, United Kingdom. The corporate pension fund insured £625 million in liabilities through a buy-in with Canada Life Financial Corporation. This was the largest risk transfer deal conducted by Canada Life.

Law firm Sacker & Partners advised on the risk transfer, while investment consultant Redington advised.

The Reuters Pension Fund has £2.3 billion in assets. Greg Meekings is the chairman of trustees for the Reuters Pension Fund.