TUI scheme completes £33m PIE exercise

clock

TUI has completed a Pension Increase Exchange (PIE) exercise across its three UK defined benefit (DB) schemes.

The travel firm, which owns Thomson and First Choice in the UK, announced the transaction in its interim results, published today. It said the exercise had resulted in a £33m pension credit afte...

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

More on Risk Reduction

Ultra Electronics Scheme completes £250m buy-in with Just Group

Ultra Electronics Scheme completes £250m buy-in with Just Group

Deal secures benefits of over 1,000 pensioners and 750 deferred members

Jasmine Urquhart
clock 16 September 2025 • 2 min read
Welcome Break Pension Plan agrees £23m buy-in with Just Group

Welcome Break Pension Plan agrees £23m buy-in with Just Group

The transaction secures the benefits of all 348 scheme members

Holly Roach
clock 12 September 2025 • 2 min read
Utmost looks to client proposition following BPA progress this year

Utmost looks to client proposition following BPA progress this year

Insurer ‘proud’ of momentum in the year since its launch into bulk annuity market

Jonathan Stapleton
clock 10 September 2025 • 1 min read
Trustpilot