Cadbury and Berkshire council pay insurers for pensions
Cadbury has passed £500m of pension liabilities to Pension Insurance Corp and the Royal County of Berkshire has paid Swiss Re £1bn to cover pensioners living longer, the FT reports.
Aon Consulting helped arrange the Cadbury deal.
The Telegraph added that Pension Insurance Corporation gives Cadbury a bulk annuity policy as part of the deal. It takes responsibility for the pensions of 10,000 retired workers.
Bloomberg reported that a Cadbury spokesperson said: “The trustees are independent of Cadbury. This is a decision made by them for sound financial management of the pension fund.”
The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.
