Image:
BAT's London HQ, Globe House. Image: BAT
The British American Tobacco (BAT) UK Pension Fund has concluded a third buy-in with Pension Insurance Corporation (PIC) insuring £250m of liabilities.
PIC has now insured all £4.1bn of the fund's liabilities, covering the pensions of all 10,000 members. The BAT scheme and PIC had formed a strategic partnership at the outset to provide a strong...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
In just a few clicks you can start your free Professional Pensions Lite membership, providing you access to:
- 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
Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here
