Canada Life completes £400m Samworth Brothers pension scheme buy-in
By IAN Editorial Desk
2 September 2026·Updated 6 September 2026·1 min read
Primary source: canadalife.co.uk
The transaction secures benefits for more than 3,000 pensioners and 4,000 deferred members.
Canada Life today completed a buy-in with the Samworth Brothers Limited Superannuation Scheme, covering about £400m of assets.
The transaction secures the future pension benefits of more than 3,000 pensioners and 4,000 deferred members. In bulk annuities, a buy-in typically insures scheme liabilities while the policy remains held by the pension scheme, and can serve as an intermediate step before any later buyout.
Sources: canadalife.co.uk
