Vesuvius rolls fifth tranche of members into PIC buy-in

James Phillips
clock • 2 min read

Vesuvius has signed a £15m deal with Pension Insurance Corporation (PIC) to insure further pensioner members in its UK defined benefit (DB) scheme.

The deal is the fourth extension of a £320m buy-in with PIC - which was the largest bulk annuity transaction in 2012 - where, each year, some future retirees are automatically rolled into the contr...

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James Phillips
Author spotlight

James Phillips

Professional Pensions journalist from 2016-2022

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