M&G completes £100 million bulk annuity deal covering 650 pension members

Reuters2026/09/10 08:04

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M&G completed a GBP 100 million bulk purchase annuity transaction, securing benefits for 650 pension scheme members.
Deal used the BPA Plus structure backed by the GBP 138 billion With-Profits Fund; transaction completed in July.
Prudential Assurance, its wholly owned unit, executed the transaction.
Bulk annuity business targets GBP 3-4 billion of annual BPA sales by 2027.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. M&G plc published the original content used to generate this news brief on September 10, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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M&G completes £100 million bulk annuity deal covering 650 pension members

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