TotalEnergies scheme secures £1.2bn buy-in with PIC

Second transaction with the scheme secures the benefits of around 5,000 members

Holly Roach
clock • 2 min read
TotalEnergies scheme secures £1.2bn buy-in with PIC

The TotalEnergies UK Pension Plan has secured a £1.2bn buy-in with Pension Insurance Corporation (PIC), the largest buy-in deal announced this year.

The transaction has secured the benefits of 2,000 pensioners and dependants and 3,500 deferred policyholders. The is the scheme's second buy-in with PIC, following a £1.6bn deal with the insurer...

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