Rentokil Initial agrees £1.5bn buy-in with PIC ahead of 2020 buyout

James Phillips
clock • 2 min read

The Rentokil Initial 2015 Pension Scheme has secured a buy-in covering 14,200 members in a £1.5bn deal with Pension Insurance Corporation (PIC).

The transaction means the scheme is now fully hedged against longevity, interest rate and inflation risks - bringing it closer to full buyout, which is anticipated in 2020. The buy-in is also PI...

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

James Phillips
Author spotlight

James Phillips

Professional Pensions journalist from 2016-2022

More on Risk Reduction

Iveco Limited Pension Scheme secures £100m buy-in with Aviva

Iveco Limited Pension Scheme secures £100m buy-in with Aviva

Transaction secures the benefits of all 225 deferred and 1,127 pensioner members

Holly Roach
clock 08 April 2026 • 2 min read
Financial services sector pension scheme secures £40m buy-in with Canada Life

Financial services sector pension scheme secures £40m buy-in with Canada Life

Transaction secures the benefits of around 80 pensioners and 60 deferred members

Holly Roach
clock 02 April 2026 • 1 min read
Increased insurer competition for smaller BPA transactions in 2025, Aon finds

Increased insurer competition for smaller BPA transactions in 2025, Aon finds

Consultancy’s risk settlement update shows majority of transactions completed were under £100m

Martin Richmond
clock 30 March 2026 • 2 min read
Trustpilot