Sea Containers scheme enters £187m buyout
The Sea Containers 1983 Pension Scheme has been fully insured in a bulk annuity deal completed by Aviva, almost a decade after receiving the regulator's first financial support direction (FSD).
Announced today, the £187m bulk annuity transaction will enable the trustees of the defined benefit (DB) scheme to secure benefits above Pension Protection Fund (PPF) compensation levels for approximately...
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