600 Group enters £201m buyout with PIC

Victoria Tichá
clock • 2 min read

Trustees of the 600 Group's defined benefit (DB) pension scheme have agreed to a £201m buyout with Pension Insurance Corporation (PIC).

The deal covers liabilities of around 1900 pensioners and 700 deferred members. The trustees were advised by Mercer, Aon, and Womble Bond Dickinson, while PIC was advised by Clifford Chance. 600...

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

More on Risk Reduction

Athora to acquire Pension Insurance Corporation for £5.7bn

Athora to acquire Pension Insurance Corporation for £5.7bn

Deal sees PIC owned by a single strategic owner for the first time in its 20-year history

Jonathan Stapleton
clock 03 July 2025 • 4 min read
Molins UK scheme and Aviva manufacture £249m buy-in deal

Molins UK scheme and Aviva manufacture £249m buy-in deal

The BPA transaction secures the benefits of over 3,500 scheme members

Holly Roach
clock 01 July 2025 • 2 min read
Milliken Industrials scheme secures £44m buy-in with Royal London

Milliken Industrials scheme secures £44m buy-in with Royal London

Transaction secures the benefits of 500 scheme members

Holly Roach
clock 27 June 2025 • 2 min read
Trustpilot