PIC and IMI agree fifth buy-in in £250m deal

Around 1,200 members were covered by the deal, with 80% of scheme now insured

James Phillips
clock • 2 min read
PIC and IMI agree fifth buy-in in £250m deal

The IMI 2014 Deferred Fund has agreed a £250m partial buy-in with Pension Insurance Corporation (PIC), covering the benefits of 1,200 members.

The deal is the fifth between the scheme and the insurer, taking the total amount of insured benefits to around £800m since 2016. The majority of the membership covered by the deal were deferred members,...

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