Spirent scheme completes £142m buy-in with PIC

The transaction means all DB liabilities of the pension plan have now been fully insured

Holly Roach
clock • 2 min read
Spirent scheme completes £142m buy-in with PIC

The Spirent Communications Staff Pensions and Life Assurance Plan has completed a £142m full buy-in with Pension Insurance Corporation (PIC).

As a result of the transaction, the pensions of 1,353 members including 490 deferred members have been covered. The deal - completed in 2022 - means all defined benefit liabilities of the plan h...

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

More on Risk Reduction

AQA Pension Scheme secures £120m buy-in with Rothesay

AQA Pension Scheme secures £120m buy-in with Rothesay

Transaction secures the benefits of 471 pensioner and dependents as well as 398 deferred members

Holly Roach
clock 12 May 2025 • 2 min read
Cancer Research UK scheme secures £280m buy-in with Standard Life

Cancer Research UK scheme secures £280m buy-in with Standard Life

BPA deal secures the benefits of 2,800 scheme members

Holly Roach
clock 08 May 2025 • 2 min read
OSG Ship Management scheme secures £16m buy-in with Aviva

OSG Ship Management scheme secures £16m buy-in with Aviva

Full scheme transaction insures the liabilities of 53 members

Holly Roach
clock 29 April 2025 • 1 min read
Trustpilot