Members of the EMI Group Pension Fund have been issued annuity policies in the wake of the landmark £1.5bn buyout last year.
Citigroup, the sponsoring employer since 2012, completed the transaction with Pension Insurance Corporation (PIC) in July to cover all risk associated with the liabilities of the scheme's 20,000 me...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
In just a few clicks you can start your free Professional Pensions Lite membership for 12 months, providing you access to:
- 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
