Civil Aviation Authority completes £60m pension buy-in with PIC

Victoria Tichá
clock • 1 min read

Pension Insurance Corporation (PIC) has completed a £60m buy-in deal for the Civil Aviation Authority's defined benefit (DB) scheme.

The agreement will cover a section of current pensioner members of the quasi-public sector scheme, which was established by parliament in 1972. The deal, which is part of the scheme's phased app...

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

Siemens Healthineers UK scheme agrees £213m buy-in with PIC

Siemens Healthineers UK scheme agrees £213m buy-in with PIC

Transaction secures the benefits of 703 pensioners and 967 deferred members and dependants

Holly Roach
clock 13 January 2026 • 1 min read
DB funding remains steady in December, Broadstone finds

DB funding remains steady in December, Broadstone finds

Broadstone index finds both its modelled schemes made steady progress during 2025

Jasmine Urquhart
clock 08 January 2026 • 1 min read
NG Bailey scheme completes £155m buy-in with PIC

NG Bailey scheme completes £155m buy-in with PIC

Bulk purchase annuity transaction secures the benefits of 1,581 members

Martin Richmond
clock 08 January 2026 • 1 min read
Trustpilot