ICI scheme completes £630m buy-in with Scottish Widows
The ICI Pension Fund has completed a £630m buy-in covering over 4,000 of its members with Scottish Widows.
It is the trustee's eighth bulk annuity transaction since ICI introduced buy-ins into its de-risking strategy in 2013. Around 60% or £6.3bn of the scheme's liabilities has been insured so far and the...
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