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

Join now

 

Already a Professional Pensions
member?

Login

More on Risk Reduction

OSG Ship Management scheme secures £16m buy-in with Aviva

OSG Ship Management scheme secures £16m buy-in with Aviva

Full scheme transaction insures the liabilities of 53 members

Holly Roach
clock 29 April 2025 • 1 min read
Gleaner Pension Scheme completes  £7.5m buyout with Aviva

Gleaner Pension Scheme completes £7.5m buyout with Aviva

Transaction secures benefits of all 26 deferred and 95 pensioner members

Jasmine Urquhart
clock 29 April 2025 • 2 min read
'Healthy' demand for bulk annuity transactions despite volatility, Isio says

'Healthy' demand for bulk annuity transactions despite volatility, Isio says

Consultancy says market has seen ‘strong momentum’ despite uncertainty caused by US tariffs

Martin Richmond
clock 28 April 2025 • 2 min read
Trustpilot