WPP completes £140m buy-in deal with PIC to insure five schemes

Victoria Tichá
clock • 1 min read

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 an...

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