Thomas Cook and Coal schemes complete buy-ins with PIC and Just Group

Thomas Cook schemes complete £50m deal and Coal schemes complete £44m transaction

Martin Richmond
clock • 3 min read
Thomas Cook and Coal schemes complete buy-ins with PIC and Just Group

The Thomas Cook Travel Schemes and the trustees of the Industry-Wide Coal Staff Superannuation Scheme (IWCSSS) and the Industry-Wide Mineworkers’ Pension Scheme (IWMPS) have completed buy-ins with Pension Insurance Corporation (PIC) and Just Group, respectively.

Thomas Cook The full scheme buy-ins for three schemes, formerly sponsored by Thomas Cook Group, will total £50m. The schemes entered into Pension Protection Fund (PPF) assessment in September 20...

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

Hymans Robertson launches small scheme risk transfer and investment service

Hymans Robertson launches small scheme risk transfer and investment service

Consultancy’s TRUST service designed to help schemes with assets of £150m or less complete BPA transactions

Martin Richmond
clock 13 June 2025 • 2 min read
MGN Pension Scheme completes £150m buy-in with Just Group

MGN Pension Scheme completes £150m buy-in with Just Group

Bulk annuity transaction secures the benefits of approximately 1,300 members

Martin Richmond
clock 12 June 2025 • 2 min read
The value of capital-backed journey plans on the path to endgame

The value of capital-backed journey plans on the path to endgame

The value of capital-backed journey plans on the path to endgame

Ian Wright
clock 09 June 2025 • 4 min read
Trustpilot