Menzies scheme agrees £75m buyout with PIC
The Menzies Pension Fund has entered into a £75m buyout with Pension Insurance Corporation (PIC) through a bespoke deal involving payments in instalments.
An undisclosed number of members of ‘Section B' of the John Menzies scheme, which aligns with the company's distribution division, have been insured despite the scheme not having enough assets to immediately...
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