The Pension Insurance Corporation (PIC) and GKN Group have approved a £190m buyout in one of the first de-risking deals of 2017.
The deal will cover current pensioner members of the FTSE 100 company's scheme, who will be transferred out and made PIC policyholders. Remaining members of the scheme, which is being wound up, ...
To continue reading this article...
Join Professional Pensions
Signup and gain exclusive members-only insights
- 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
