New BHS scheme completes £800m buyout with PIC
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 deal...
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