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 ha...
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
