Members in record-breaking EMI buyout deal issued annuity policies

clock

Members of the EMI Group Pension Fund have been issued annuity policies in the wake of the landmark £1.5bn buyout last year.

Citigroup, the sponsoring employer since 2012, completed the transaction with Pension Insurance Corporation (PIC) in July to cover all risk associated with the liabilities of the scheme's 20,000 me...

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 Industry

Housing costs put comfortable retirement out of reach for most savers

Housing costs put comfortable retirement out of reach for most savers

Hymans’ modelling shows savers will need to work longer and increase their contributions to achieve their desired RLS

Martin Richmond
clock 17 July 2026 • 3 min read
Professional Pensions: Stories of the week

Professional Pensions: Stories of the week

Government publishes updated pensions roadmap, TPR five-year strategy, general levy consultation

Professional Pensions
clock 17 July 2026 • 1 min read
News Digest: Investors say BoE should slow or stop long-dated bond sales

News Digest: Investors say BoE should slow or stop long-dated bond sales

PP brings together all the latest news on pensions from across the national and financial media

Professional Pensions
clock 17 July 2026 • 1 min read
Trustpilot