Civil Aviation Authority enters £90m buy-in with PIC
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 liabilities,...
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