M&G completes £150m Miller Retirement Benefits BPA Plus
By IAN Editorial Desk
29 July 2026·Updated 26 August 2026·1 min read
Primary source: mandg.com
The BPA Plus structure secures core benefits for nearly 1,200 members while preserving discretionary bonuses linked to future investment performance.
M&G completed a £150m bulk purchase annuity for the Miller Retirement Benefits Scheme, securing the pension benefits of nearly 1,200 members. The deal was structured as BPA Plus, which gives members core benefit security while preserving the possibility of discretionary bonuses linked to future investment performance. The transaction was first reported at an earlier stage in July, and M&G has…
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