De Beers scheme completes full £870m buy-in with PIC

Transaction fully secures the benefits for over 1,900 pensioners and deferred members

Martin Richmond
clock • 2 min read
De Beers scheme completes full £870m buy-in with PIC

The De Beers UK Pension Scheme has completed an £870m full buy-in with Pension Insurance Corporation (PIC).

The bulk annuity transaction for the scheme, which is sponsored by diamond company De Beers UK, has fully secured the benefits for 1,464 pensioners and 473 deferred members. Hymans Robertson act...

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

Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here

Join now

 

Already a Professional Pensions
member?

Login

More on Risk Reduction

Hickson scheme completes £208m buy-in with Royal London

Hickson scheme completes £208m buy-in with Royal London

BPA transaction secures the benefits of more than 1,250 members of the scheme

Martin Richmond
clock 31 July 2026 • 1 min read
Aston Martin scheme and Aviva manufacture £180m full buy-in deal

Aston Martin scheme and Aviva manufacture £180m full buy-in deal

Transaction secures the benefits of 540 pensioners and 1,050 deferred members

Holly Roach
clock 29 July 2026 • 2 min read
Unnamed UK scheme and M&G complete £150m 'BPA-plus' transaction

Unnamed UK scheme and M&G complete £150m 'BPA-plus' transaction

Insurer’s proposition provides potential upside for members from discretionary bonus payments

Holly Roach
clock 29 July 2026 • 2 min read
Trustpilot