GeoPost secures £30m pensioner buy-in without deflation floor
The GeoPost UK Pension Scheme has secured a £30m buy-in with Pension Insurance Corporation (PIC) to cover liabilities relating to 645 pensioner members.
The inflation risk was hedged without a deflation floor to reduce the cost of the deal, with the trustees able to add this protection at a later date. PIC said this was the third such deal it had struck,...
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