Pension Insurance Corporation (PIC) has completed a £90m buy-in deal for the Civil Aviation Authority's (CAA) defined benefit (DB) scheme.
The agreement will cover current pensioner members of the quasi-public sector scheme, which was set up in 1972. The deal, which is part of a gradual process towards full buyout of the scheme's l...
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 for 12 months, 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
