Castings has agreed a £72m buy-in contract for its two defined benefit pension schemes with Aviva.
The iron castings manufacturer confirmed the transaction, which incepted in March, covers the remaining pension liabilities of the scheme for all 377 members. Mercer provided advice for the deal...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
In just a few clicks you can start your free Professional Pensions Lite membership, providing you access to:
- 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
