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

James Phillips
clock • 2 min read

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 d...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here

Join now

 

Already a Professional Pensions
member?

Login

James Phillips
Author spotlight

James Phillips

Professional Pensions journalist from 2016-2022

More on Risk Reduction

British Board of Agrément scheme completes £20m full buyout with Aviva

British Board of Agrément scheme completes £20m full buyout with Aviva

Transaction fully secures the benefits of 39 deferred members and 82 pensioners

Martin Richmond
clock 03 February 2026 • 2 min read
Royal Star & Garter secures £16m buy-in with Just Group

Royal Star & Garter secures £16m buy-in with Just Group

Transaction secures the benefits of 186 pensioners and 65 deferred members

Holly Roach
clock 02 February 2026 • 2 min read
Macmillan Cancer Support scheme completes full buyout with Aviva

Macmillan Cancer Support scheme completes full buyout with Aviva

Buyout fully secures members’ benefits following a £33.7m buy-in deal in 2024

Martin Richmond
clock 30 January 2026 • 1 min read
Trustpilot