Buyout takes MF Global scheme out of PPF assessment

clock

The MF Global UK Pension Fund has left Pension Protection Fund (PPF) assessment after the scheme's trustees secured a £52m buyout with Pension Insurance Corporation (PIC).

The trustees said the deal meant members would receive benefits that were broadly equivalent to those promised by the scheme, despite it being significantly underfunded when it entered assessment. ...

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

More on Risk Reduction

Avon Cosmetics secures £235m buy-in with M&G

Avon Cosmetics secures £235m buy-in with M&G

Transaction secures the benefits of over 3,000 scheme members

Holly Roach
clock 11 February 2026 • 1 min read
Vistry secures £155m multi-scheme buy-in deal with PIC

Vistry secures £155m multi-scheme buy-in deal with PIC

Transaction covers three final salary schemes, securing the benefits of 1,671 members

Holly Roach
clock 10 February 2026 • 1 min read
KLM UK Pension Scheme completes £240m buy-in with Rothesay

KLM UK Pension Scheme completes £240m buy-in with Rothesay

Transaction secures the benefits of the remaining 1,852 scheme members

Holly Roach
clock 10 February 2026 • 3 min read
Trustpilot