Kingfisher scheme completes £200m buy-in with PIC

James Phillips
clock • 2 min read

The Kingfisher Pension Scheme has completed a buy-in with Pension Insurance Corporation (PIC), covering around £200m of liabilities for 400 pensioner members.

The contract brings the amount of insured liabilities up to circa £450m, following a £230m medically-underwritten buy-in with Legal & General in 2016. Just over 10% of just over £4bn liabilities...

To continue reading this article...

Join Professional Pensions

  • Unlimited access to real-time news, analysis and opinion from the industry
  • Receive our in-depth monthly magazine in either print or digital format
  • Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
  • Receive important and breaking news stories selected by the Editors in our daily newsletter
  • Hear from industry experts and other forward-thinking leaders
  • Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date

Join now

 

Already a Professional Pensions
member?

Login

James Phillips
Author spotlight

James Phillips

Professional Pensions journalist from 2016-2022

More on Risk Reduction

Pharmacists look to appeal over Boots Pension Scheme buy-in complaints

Pharmacists look to appeal over Boots Pension Scheme buy-in complaints

PDA Union says it will exhaust internal dispute processes before taking case to Ombudsman

Jonathan Stapleton
clock 12 June 2024 • 2 min read
L&G targets PRT volumes of up to £65bn by 2028 as part of strategy refresh

L&G targets PRT volumes of up to £65bn by 2028 as part of strategy refresh

Move aims to increase store of future profit and help catalyse asset management growth

Jonathan Stapleton
clock 12 June 2024 • 3 min read
Medical Protection Society pens £125m buy-in deal with Rothesay

Medical Protection Society pens £125m buy-in deal with Rothesay

The full buy-in secures the benefits of all 618 scheme members

Holly Roach
clock 11 June 2024 • 2 min read
Trustpilot