WPP completes £140m buy-in deal with PIC to insure five schemes
Five schemes sponsored by advertising firm WPP have completed a buy-in with Pension Insurance Corporation - insuring £140m of pensioner and deferred liabilities.
Independent Trustee Limited (ITL) director Peter Docking, the trustee chairman of each of the five schemes, said: "This was a complicated transaction and I want to thank PIC for their dedication and assistance...
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