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...

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

James Phillips
Author spotlight

James Phillips

Professional Pensions journalist from 2016-2022

More on Risk Reduction

Royal Horticultural Society scheme secures £22m buy-in with Royal London

Royal Horticultural Society scheme secures £22m buy-in with Royal London

Transaction secures the benefits of 230 pension scheme members

Holly Roach
clock 13 August 2026 • 2 min read
Utmost Life and Pensions appoints Aberdeen to manage CRE lending brief

Utmost Life and Pensions appoints Aberdeen to manage CRE lending brief

Deal will support insurer’s growing bulk annuity business

Jonathan Stapleton
clock 12 August 2026 • 2 min read
Royal Society of Chemistry solidifies £83m buy-in with PIC

Royal Society of Chemistry solidifies £83m buy-in with PIC

Transaction secures the benefits of 468 pension scheme members

Holly Roach
clock 11 August 2026 • 1 min read
Trustpilot