Image:
Mercer senior partner Adrian Hartshorn: We’ve worked closely with the company
The Metal Box Pension Scheme has agreed a £2.2bn buy-in to buyout transaction with Pension Insurance Corporation (PIC) after slashing its journey plan by nearly 20 years.
Under the buy-in agreed on Friday (1 October), the benefits of all 10,300 pensioner and 2,200 deferred members will be passed to PIC, with the policy due to transition to buyout exactly one month l...
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 for 12 months, 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
