600 Group enters £201m buyout with PIC
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 Group...
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