Amey OS scheme completes £400m buy-in with PIC

Liabilities of 3,400 members are insured through deal with engineering firm’s scheme

Jasmine Urquhart
clock • 2 min read
Amey OS Pension Scheme has completed a £400m partial buy-in with PIC
Image:

Amey OS Pension Scheme has completed a £400m partial buy-in with PIC

The trustee of the Amey OS Pension Scheme has completed a partial buy-in with the Pension Insurance Corporation (PIC).

Through the transaction - announced today (16 January) - PIC has insured approximately £400m of liabilities with the deal covering 3,473 members, including 1,938 deferred members. PIC head of bu...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • 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

Join now

 

Already a Professional Pensions
member?

Login

Jasmine Urquhart
Author spotlight

Jasmine Urquhart

Senior Correspondent at Professional Pensions

More on Risk Reduction

Kion Group completes £250m full buy-in with Canada Life

Kion Group completes £250m full buy-in with Canada Life

Deal covers five different DB schemes within the group

Holly Roach
clock 02 December 2024 • 2 min read
Wednesbury Pension Scheme completes £43m buy-in with Just

Wednesbury Pension Scheme completes £43m buy-in with Just

Transaction secures the benefits of all 384 scheme members, including 321 pensioner members

Jasmine Urquhart
clock 26 November 2024 • 1 min read
M&G completes £500m BPA deal that shares value with corporate sponsor

M&G completes £500m BPA deal that shares value with corporate sponsor

Transaction secures the benefits for around 3,200 pensioner and deferred members

Martin Richmond
clock 25 November 2024 • 3 min read
Trustpilot