M&G has completed a £205m buy-in transaction with the Huntsman Pension Scheme, sponsored by chemicals giant Huntsman.
The deal insures the pensions of more than 660 retirees and deferred pensioners.
Completed in the first quarter of 2025, the transaction involved the premium payable to M&G being “locked in” to the pension scheme’s asset portfolio.
John Shipman, chair of the Huntsman Pension Scheme’s trustee board, said: “This buy-in helps to provide greater certainty to members about the security of their benefits and represents a pivotal moment in the scheme’s de-risking journey. My thanks to everyone involved for a great team effort in making this happen.”
Gemma Millington, senior director at WTW, which advised on the deal, said: “A collaborative approach from all parties working closely together was key to achieving an attractive outcome for the scheme.”
Squire Patton Boggs was the trustee board’s legal adviser and Mercer was the investment consultant. Eversheds Sutherland provided legal advice to M&G.
