Inchcape secures buyout for TKM scheme

Stephanie Baxter
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Inchcape has wound up the TKM Group scheme through a buyout with Aviva that covers £300m of pension liabilities.

The deal, which was completed within two months of the initial conversation, involves Aviva assuming responsibility for paying pensions to over 3,000 retired members and 1,700 deferred members. ...

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