Dresdner Kleinwort Pension Plan agrees £1.2bn buy-in; Deal covers hybrid benefits

Jonathan Stapleton
clock • 2 min read

The trustees of the Dresdner Kleinwort Pension Plan have completed a full £1.2bn buy-in with Pension Insurance Corporation - covering the scheme's £900m final salary section as well as a £300m money purchase section.

The transaction allowed members in the money purchase section with hybrid defined contribution (DC) and defined benefit (DB) benefits to choose to transfer their benefits to an alternative arrangem...

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