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
Become a Professional Pensions Lite Member today
In just a few clicks you can start your free Professional Pensions Lite membership, 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
