Nationwide Building Society Buys Group Annuity Contract from Canada Life
Posted on 05/03/2022
Nationwide Building Society purchased a £172 million group annuity contract from Canada Life Assurance Company (Canada Life) to complete a buy-in transaction for the £7 billion Nationwide Pension Fund. The transaction affects participants in the pension fund’s Cheshire and Derbyshire section. Nationwide Pension Fund was frozen effective March 31, 2021, after which participants in the…
