Pension Insurance Corporation has completed a £42m buyout of the UK Can Pension and Assurance Plan - lifting the scheme out of the Pension Protection Fund.
The scheme had been under the protection of the PPF since October 2006. Its sponsoring company, UK Can, went into liquidation in December 2007. PIC has agreed to insure specified benefits to a gre...
To continue reading this article...
Join Professional Pensions
- Unlimited access to real-time news, analysis and opinion from the industry
- Receive our in-depth monthly magazine in either print or digital format
- Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
- Receive important and breaking news stories selected by the Editors in our daily newsletter
- Hear from industry experts and other forward-thinking leaders
- Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date