Smiths Group's TI Group Pension Scheme has insured £130m of pensioner liabilities with Pension Insurance Corporation (PIC), bringing the scheme's total insured liabilities to £1bn.
The deal is the second to be completed with PIC, following a £170m buy-in in 2013, and covers approximately 1,500 legacy benefits for pensioners and their dependents. The final salary scheme, wh...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
In just a few clicks you can start your free Professional Pensions Lite membership, providing you access to:
- 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
