PIC completes £190m buyout with GKN Group
The Pension Insurance Corporation (PIC) and GKN Group have approved a £190m buyout in one of the first de-risking deals of 2017.
The deal will cover current pensioner members of the FTSE 100 company's scheme, who will be transferred out and made PIC policyholders. Remaining members of the scheme, which is being wound up, were...
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