All past and current members of three Pirelli defined benefit (DB) schemes have had their benefits insured through buy-ins worth £100m with Pension Insurance Corporation (PIC).
Members in the Pirelli General Executive Pension and Life Assurance Fund, the Pirelli Tyres Limited Executive Retirement Benefits Scheme, and the Pirelli General Overseas Retirement Benefits Scheme are...
The Association of British Insurers (ABI) Pension & Assurance Scheme has insured benefits for 191 members in a £26m buy-in with Aviva.
The defined benefit (DB) scheme of Shepherd Foods (London) has completed a £3m buyout with Aviva, insuring the benefits of 13 pensioner and deferred members.
General Motors has agreed a £53m bulk purchase annuity transaction with Aviva for the Vauxhall Associated Companies Pension Fund (VACPF).
Rothesay has completed a £6m follow-on buyout with an unnamed aviation scheme, insuring benefits of eight pensioners and 31 deferred members.
Pension Insurance Corporation (PIC) concluded £5.6bn on bulk annuities in 2020 after recording just over £2.1bn in the second half of the year.