Rothesay and National Grid Pension Scheme Conclude GBP2.8 Billion Policy Buy-In

Data : 08/10/2019 @ 11:55
Fonte : Dow Jones News
Titolo : National Grid Plc (NG.)
Quotazione : 893.6  -0.3 (-0.03%) @ 09:41
Quotazione National Grid Grafico

Rothesay and National Grid Pension Scheme Conclude GBP2.8 Billion Policy Buy-In

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By Adriano Marchese

 

Rothesay Life PLC said Tuesday that National Grid PLC (NG.LN) pension scheme has recently concluded a 2.8 billion-pound ($3.4 billion) buy-in policy transaction.

The buy-in policy is in respect of 'Section A' of the National Grid U.K. pension scheme, Rothesay said.

"The buy-in provides greater certainty and assurance about the future costs of providing members' pensions, and we see this as a positive and prudent way of managing the overall funding and risk of the scheme," Chairman and Trustee of National Grid U.K. Pension Scheme Nigel Stapleton said.

 

Write to Adriano Marchese at adriano.marchese@dowjones.com

 

(END) Dow Jones Newswires

October 08, 2019 05:40 ET (09:40 GMT)

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