Medway Packaging scheme secures £52m PIC buy-in

Buy-in secures liabilities for 425 pensioners and 150 deferred members

Martin Richmond
clock • 1 min read
Medway Packaging scheme secures £52m PIC buy-in

The Medway Packaging Pension Scheme has announced that it has secured a £52m buy-in with Pension Insurance Corporation (PIC).

The deal covers £52m of liabilities and will secure the benefits of 425 members, alongside a further 150 deferred members. Medway Packaging Pension Scheme chair of the trustee James Paterson sai...

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