PIC completes £250m buy-in with two WPP schemes

James Phillips
clock • 3 min read

Multinational communication services giant WPP has completed a £250m buy-in for two of its pension schemes with Pension Insurance Corporation (PIC) as the insurer celebrated a “healthy pipeline” of deals amid the Covid-19 outbreak.

The advertising, public relations, and technology firm had already covered liabilities in five of its schemes in a £140m buy-in with the same insurer in February 2018. The latest deal, completed in...

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James Phillips
Author spotlight

James Phillips

Professional Pensions journalist from 2016-2022

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