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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...
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