The Philips Pension Fund has insured a further £300m of pensioner liabilities following on from a £484m buy-in it completed last year.
The latest transaction, secured by Prudential, covers 1,800 of the £3.5bn scheme's 20,000 pensioner members. The earlier transaction, completed with Rothesay Life, focused on the scheme's younge...
To continue reading this article...
Join Professional Pensions
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, analysis and opinion from the industry
- Receive our in-depth monthly magazine in either print or digital format
- Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
- Receive important and breaking news stories selected by the Editors in our daily newsletter
- Hear from industry experts and other forward-thinking leaders
- Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date
