Menzies scheme agrees £75m buyout with PIC

James Phillips
clock • 2 min read

The Menzies Pension Fund has entered into a £75m buyout with Pension Insurance Corporation (PIC) through a bespoke deal involving payments in instalments.

An undisclosed number of members of ‘Section B' of the John Menzies scheme, which aligns with the company's distribution division, have been insured despite the scheme not having enough assets to i...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here

Join now

 

Already a Professional Pensions
member?

Login

James Phillips
Author spotlight

James Phillips

Professional Pensions journalist from 2016-2022

More on Risk Reduction

Third of schemes planning to run on indefinitely

Third of schemes planning to run on indefinitely

PMI says ‘diverse’ market means strategies must be scheme specific

Holly Roach
clock 06 October 2026 • 3 min read
Cognitronics scheme completes £1.7m buy-in with Aviva

Cognitronics scheme completes £1.7m buy-in with Aviva

Risk reduction transaction secures the benefits for eight deferred members

Martin Richmond
clock 01 October 2026 • 2 min read
Competition drove BPA deals to £10.2bn in H1

Competition drove BPA deals to £10.2bn in H1

Strong pipeline of larger deals expected for H2 as insurers compete on non-price factors

Alex Levy
clock 30 September 2026 • 2 min read
Trustpilot