Dock Workers fund completes £725m buy-in with PIC

The Former Registered Dock Workers Pension Fund has completed a £725m buy-in with Pension Insurance Corporation (PIC) in what is believed to be the biggest deal so far this year.
The arrangement between the multi-employer scheme and the insurer also includes "residual risk" cover for events from future data corrections, missing beneficiaries or incorrect benefits. The deal...
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