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...

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Holly Roach
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Holly Roach

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