InterContinental Hotels agrees £440m all-risk buyout with Rothesay
InterContinental Hotels Group (IHG) has agreed a £440m all-risk buyout for its UK pension plan with Rothesay Life, securing improved benefits for members owing to suitable market conditions.
The £440m deal will see the approximate 3,000 members of the InterContinental Hotels UK Pensions Plan (IHUKPP) - 1,100 pensioners and 1,800 deferred members - transfer from the group to the insurer...
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