Pfizer scheme enters £100m buy-in with Scottish Widows

James Phillips
clock • 2 min read

Trustees of the Monsanto Pension Plan have agreed a £100m buy-in, protecting benefits for around 150 pensioners.

The deal with Scottish Widows is the first buy-in for the scheme, whose sponsoring employer is Pharmacia, a subsidiary of Pfizer. As part of the agreement, Monsanto will retain the risk of future d...

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James Phillips
Author spotlight

James Phillips

Professional Pensions journalist from 2016-2022

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