UK - Pension Insurance Corporation (PIC) been selected to buy out the £42m (US$74.7m) UK Can Pension Plan, in a deal which will see it provide greater benefits than currently paid by the Pension Protection Fund (PPF).
In a deal advised by actuaries and consultants Barnett Waddingham, PIC, a subsidiary of the Pension Corporation, agreed to insure specified benefits of the plan, which came under the protection of ...
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