PIC signs second Cookson buy-in worth £30m

clock

Pension Insurance Corporation has signed a second £30m bulk annuity deal with the Cookson Group Pension Plan, following its first buy-in in 2012.

The move comes after PIC insured £320m of liabilities for the Cookson plan, now sponsored by Vesuvius, in July last year (PP Online 19 July 2012), in the largest bulk annuity transaction of 2012. ...

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

Section of the MMC UK scheme completes £1.9bn buy-in with Standard Life

Section of the MMC UK scheme completes £1.9bn buy-in with Standard Life

Transactions insures the benefits of 6,500 scheme members

Holly Roach
clock 06 August 2025 • 2 min read
DB scheme funding improves in July, Broadstone finds

DB scheme funding improves in July, Broadstone finds

Broadstone Sirius Index records fully hedged scheme position at 70.9%

Jasmine Urquhart
clock 06 August 2025 • 1 min read
National Grid scheme secures £900m buy-in with Rothesay

National Grid scheme secures £900m buy-in with Rothesay

Third deal between the pair takes de-risked liabilities with Rothesay to £4.5bn

Holly Roach
clock 05 August 2025 • 3 min read
Trustpilot