New BHS scheme completes £800m buyout with PIC

James Phillips
clock • 2 min read

Approximately 9,000 members who transferred to the BHS2 Pension Scheme last year have had their benefits fully insured through a buyout with Pension Insurance Corporation (PIC).

All £800m of the scheme's liabilities have been covered through the policy, which was transacted sooner than anticipated after trustees took advantage of competitive pricing in the market. The d...

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James Phillips
Author spotlight

James Phillips

Professional Pensions journalist from 2016-2022

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