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

Increased competition and a more strategic approach key to shaping BPA market

Increased competition and a more strategic approach key to shaping BPA market

Simmons & Simmons publishes bulk annuity end of year survey

Jasmine Urquhart
clock 17 December 2025 • 2 min read
Lincolnshire Co-operative Pension Scheme and Rothesay agree £107m buy-in

Lincolnshire Co-operative Pension Scheme and Rothesay agree £107m buy-in

Transaction secures the benefits of over 2,300 scheme members

Holly Roach
clock 17 December 2025 • 1 min read
Blake Lapthorn Pension Fund completes £5.7m buyout with Aviva

Blake Lapthorn Pension Fund completes £5.7m buyout with Aviva

Transaction is the first to be completed using the fast track feature of Aviva’s Clarity service

Holly Roach
clock 16 December 2025 • 3 min read
Trustpilot