Tomkins Schemes complete £132m buy-in deal with PIC

As a result of the transaction, all DB liabilities of the two schemes have been fully insured

Holly Roach
clock • 1 min read
Tomkins Schemes complete £132m buy-in deal with PIC

Two pension schemes in the Gates Group – the Tomkins Schemes – have completed a £132m buy-in with the Pension Insurance Corporation (PIC).

The Tomkins Schemes were already partially bought-in and following this transaction with PIC, all defined benefit liabilities of the schemes have now been fully insured. The transaction gives me...

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