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...

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