Case study: How the ICI Pension Fund negotiated its multi-billion pound buy-in

The ICI Pension Fund agreed a £3.6bn buy-in earlier this year. Natasha Browne hears from the chief executive about how it went

clock

The ICI Pension Fund agreed a £3.6bn buy-in earlier this year. Natasha Browne hears from chief executive Heath Mottram about how it went

"The trustee of the ICI Pension Fund did not just wake up one morning and decide that a complex £3.6bn buy-in split across two insurers was just what the fund needed." Such were the words of the fu...

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

Join now

 

Already a Professional Pensions
member?

Login

More on Risk Reduction

Robertson Research Group scheme completes £45m buy-in with Aviva

Robertson Research Group scheme completes £45m buy-in with Aviva

Bulk annuity transaction secures benefits for 217 pensioners and 232 deferred members

Martin Richmond
clock 27 March 2024 • 1 min read
New entrants push 2023 buy-in/out volumes to record of nearly £50bn

New entrants push 2023 buy-in/out volumes to record of nearly £50bn

LCP analysis shows that superfund and longevity swap deals take total to £60bn

Professional Pensions
clock 27 March 2024 • 5 min read
Next Group scheme completes £510m buy-in with PIC

Next Group scheme completes £510m buy-in with PIC

Bulk annuity transaction secures the benefits for 3,600 pensioners and deferred members

Martin Richmond
clock 26 March 2024 • 1 min read
Trustpilot