Civil Aviation Authority completes £60m pension buy-in with PIC

Victoria Tichá
clock • 1 min read

Pension Insurance Corporation (PIC) has completed a £60m buy-in deal for the Civil Aviation Authority's defined benefit (DB) scheme.

The agreement will cover a section of current pensioner members of the quasi-public sector scheme, which was established by parliament in 1972. The deal, which is part of the scheme's phased app...

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

 LCP forecasts up to £550bn of buy-ins over the next decade

LCP forecasts up to £550bn of buy-ins over the next decade

Report finds 45% of schemes estimated to be fully funded on buyout basis

Jasmine Urquhart
clock 06 November 2025 • 4 min read
Royal Mail connects scheme to pensions dashboards ecosystem

Royal Mail connects scheme to pensions dashboards ecosystem

Scheme was connected via the Heywood integrated service provider

Holly Roach
clock 06 November 2025 • 1 min read
Two DFDS schemes complete combined £70m full scheme buy-in with Just Group

Two DFDS schemes complete combined £70m full scheme buy-in with Just Group

Deal secures the benefits of approximately 980 members across the two schemes

Jonathan Stapleton
clock 06 November 2025 • 2 min read
Trustpilot