Alcatel-Lucent agrees £100m buy-in with PIC

James Phillips
clock • 1 min read

The trustees of the Alcatel-Lucent Pension Scheme have agreed a £100m pensioner buy-in with Pension Insurance Corporation (PIC).

The deal - advised by Aon Hewitt - will secure benefits for 260 pensioners in the 6,000 member scheme, which has around £1.2bn of assets. It follows a £300m pensioner buy-in with Aviva, announce...

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James Phillips
Author spotlight

James Phillips

Professional Pensions journalist from 2016-2022

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