Coats UK scheme secures £1.3bn buy-in deal with PIC

Scheme’s second buy-in transaction secures the benefits of 18,042 members

Holly Roach
clock • 2 min read
Coats UK scheme secures £1.3bn buy-in deal with PIC

The Coats UK Pension Scheme has completed a £1.3bn buy-in with Pension Insurance Corporation (PIC).

The deal with the scheme secures the benefits of 18,042 members and follows a 2022 buy-in with Aviva which covered £350m of liabilities, meaning the scheme is now fully insured. The deal was fac...

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

Food manufacturer agrees £17m full scheme buy-in deal with Just Group

Food manufacturer agrees £17m full scheme buy-in deal with Just Group

Transaction insures the benefits of 32 pensioners and 22 deferred scheme members

Holly Roach
clock 11 December 2024 • 2 min read
Hays Pension Scheme secures £370m buy-in with PIC

Hays Pension Scheme secures £370m buy-in with PIC

Deal secures benefits of 853 pensioners and dependants and 3,368 deferred members

Holly Roach
clock 10 December 2024 • 2 min read
L&G set to return PRT capital to shareholders as result of low strain in 2024

L&G set to return PRT capital to shareholders as result of low strain in 2024

Insurer estimated to write £8.4bn of PRT deals in 2024 as part of target of £50-65bn by 2028

Jonathan Stapleton
clock 04 December 2024 • 3 min read
Trustpilot