Pension Insurance Corporation has restructured its board to include the director of £400m investor Reinet, while founder Edmund Truell will leave the firm.
Earlier this year Pension Corp announced Luxembourg investor Reinet would invest £400m in the firm, taking its value almost up to £1bn (PP Online 4 July). With the transaction now complete, PIC will...
The Old British Steel Pension Scheme (OBSPS) has agreed a £2bn full buy-in with Pension Insurance Corporation (PIC), one step closer to exiting Pension Protection Fund (PPF) assessment.
Much like when selling a house, DB plans need to tidy up before approaching the bulk annuity market, says David Ellis.
Just Group has completed a £340m buy-in with the Ibstock Pension Scheme in the insurer’s largest ever bulk annuity transaction.
Punter Southall has launched a defined benefit (DB) scheme consolidator in a bid to allow small schemes to cut their running costs, reduce risk and improve benefit security and governance.