Qantas Airways scheme completes second buy-in with PIC

£40m bulk annuity transaction fully secures benefits for all the members of the scheme

Martin Richmond
clock • 2 min read
Qantas Airways scheme completes second buy-in with PIC

The Qantas Airways Limited (UK) Retirement Benefits Scheme has completed a £40m buy-in with Pension Insurance Corporation (PIC).

The bulk annuity transaction marks the second buy-in deal agreed between the scheme and PIC, after a £25m buy-in agreement was reached in 2018. The £40m transaction has fully secured the benefit fo...

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