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

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

How surplus is driving a rethink of the pension scheme endgame

How surplus is driving a rethink of the pension scheme endgame

Mark Johnston looks at recommendations for good surplus management

Mark Johnston
clock 01 September 2025 • 4 min read
BDO schemes secure £60m buy-in deal with Just Group

BDO schemes secure £60m buy-in deal with Just Group

Transaction insures the benefits of over 1,000 members across the two schemes

Holly Roach
clock 28 August 2025 • 2 min read
Quest UK Pension Scheme completes £134m buy-in with Aviva

Quest UK Pension Scheme completes £134m buy-in with Aviva

BPA transaction secures the benefits of over 440 scheme members

Holly Roach
clock 27 August 2025 • 2 min read
Trustpilot