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

Holly Roach
Author spotlight

Holly Roach

News Editor at Professional Pensions

View profile
More from Holly Roach

Trustees need to retain ability to exercise judgement on discretionary increases, APPT says

CDC is 'divisive solution' but 'could prove to be good enough'

More on Risk Reduction

Two pension schemes secure buy-in deals worth £130m with Aviva
Risk Reduction

Two pension schemes secure buy-in deals worth £130m with Aviva

Transactions secure the benefits of 600 deferred members as well as 1,200 pensioners and dependants across the two schemes

Holly Roach
Holly Roach
clock 22 October 2025 • 2 min read
Member experience should be prioritised in buy-ins and buyouts
Risk Reduction

Member experience should be prioritised in buy-ins and buyouts

Hymans Robertson says ‘smoother transition’ will be enabled by good member experience

Jasmine Urquhart
Jasmine Urquhart
clock 21 October 2025 • 1 min read
LGPS surplus grows to £147bn on low-risk basis
Risk Reduction

LGPS surplus grows to £147bn on low-risk basis

Isio’s Low-Risk Funding Index finds funding level increased to 147%

Jasmine Urquhart
Jasmine Urquhart
clock 17 October 2025 • 1 min read
Trustpilot