UK - Aon has launched a Pensions Security Indemnity product (PSI) that guarantees pensioners will receive up to 100% of their benefits should their corporate sponsor enter into insolvency, but the firm insisted it would not be competing against buy-out firms.
Targeting large corporate sponsors with heavy deficits, PSI would enable a company to pay an annual premium, calculated on a bespoke basis according to its credit risk, ensuring the financial safet...
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