The ICI Pension Fund has completed four buy-ins over the last year to take its total benefits insured past £5bn in a strategy advisers say sets a blueprint for other large schemes.
The scheme completed buy-ins worth £800m with Prudential in November 2014 and June this year, and secured a further £1bn of benefits in deals with Legal and General (L&G) in March and June of this ...
To continue reading this article...
Join Professional Pensions
- Unlimited access to real-time news, analysis and opinion from the industry
- Receive our in-depth monthly magazine in either print or digital format
- Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
- Receive important and breaking news stories selected by the Editors in our daily newsletter
- Hear from industry experts and other forward-thinking leaders
- Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date