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...

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James Phillips
Author spotlight

James Phillips

Professional Pensions journalist from 2016-2022

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