Dock Workers fund completes £725m buy-in with PIC

James Phillips
clock • 2 min read

The Former Registered Dock Workers Pension Fund has completed a £725m buy-in with Pension Insurance Corporation (PIC) in what is believed to be the biggest deal so far this year.

The arrangement between the multi-employer scheme and the insurer also includes "residual risk" cover for events from future data corrections, missing beneficiaries or incorrect benefits.  The d...

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James Phillips
Author spotlight

James Phillips

Professional Pensions journalist from 2016-2022

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