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Insurance Asset News
PRT & Longevity

ICI Pension Fund completes £2.7bn across five buy-ins with L&G and Scottish Widows in 2016

By IAN Editorial Desk
31 December 2016·Updated 19 August 2026·5 min read

By IAN Editorial Desk ICI Pension Fund’s £2.7bn programme of five buy-ins with Legal & General and Scottish Widows in 2016 reshaped both its own risk...

ICI Pension Fund’s £2.7bn programme of five buy-ins with Legal & General and Scottish Widows in 2016 reshaped both its own risk profile and the dynamics of the UK bulk annuity market. For insurers, the transactions concentrated a quarter of the year’s total de-risking flow into a single, closed scheme with a long-running appetite for insurance solutions. This matters for…

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