IMI secures £175m partial buy-in with PIC

Transaction secures the benefits for 1,378 members

Martin Richmond
clock • 2 min read
IMI secures £175m partial buy-in with PIC

The IMI 2014 Deferred Fund has secured a £175m partial buy-in with the Pension Insurance Corporation (PIC).

The bulk purchase annuity transaction for the fund, which is sponsored by engineering company IMI, covers the liabilities for 1,378 members of the fund, 97% of which are deferred members. The de...

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