Sackers Guides Nationwide On £172M Pension Deal

By Martin Croucher (May 3, 2022, 11:49 AM BST) -- Nationwide Building Society has insured £172 million ($215 million) of staff retirement liabilities, the scheme's trustee said on Monday, as the pensions deal market looks set for another record year.

The agreement between insurer Canada Life and the Nationwide Building Society pension fund is one of many that brokers believe will be part of a record year for deals in the retirement savings market. (iStock.com/tupungato) The agreement between insurer Canada Life and the Nationwide Pension Fund, a closed defined benefit scheme for the High Street lender, safeguards trustees against the risk of changes in the cost of providing benefits to members....

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