General Council of the Bar scheme completes £20m 'streamlined' buy-in with PIC

Transaction marks the first deal PIC has completed with its Mosaic framework

Martin Richmond
clock • 3 min read
General Council of the Bar scheme completes £20m 'streamlined' buy-in with PIC

The General Council of the Bar (GCB) Pension and Life Assurance Fund has completed a £20m buy-in with Pension Insurance Corporation (PIC).

The bulk annuity transaction has secured the benefits for 103 members of the GCB Fund and was completed and signed within ten weeks of the insurer receiving the fund's data. The transaction also ma...

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

Rothesay completes £400m refinancing for Unite Group

Rothesay completes £400m refinancing for Unite Group

Loan secured against a portfolio of 23 PBSA assets located across 15 cities in the UK

Jonathan Stapleton
clock 09 July 2025 • 1 min read
Four schemes complete full buy-ins with Utmost totalling £177m

Four schemes complete full buy-ins with Utmost totalling £177m

Risk reduction transactions secure benefits for nearly 2,500 pensioners and deferred members

Martin Richmond
clock 09 July 2025 • 1 min read
Member experience becoming 'key factor' in insurer selection

Member experience becoming 'key factor' in insurer selection

LCP says one third see member experience as ‘deciding factor’ if price was equal

Jasmine Urquhart
clock 04 July 2025 • 1 min read
Trustpilot