Clarks Footwear scheme secures £540m buy-in deal with PIC

Second deal between PIC and the scheme means all its DB liabilities are now insured

Holly Roach
clock • 2 min read
Clarks Footwear scheme secures £540m buy-in deal with PIC

The Clarks Footwear Pension Fund has completed a £540m buy-in deal with Pension Insurance Corporation (PIC).

The deal with the scheme – sponsored by C&J Clark International, trading as Clarks – secures the benefits of almost 5,000 pensioners and dependants and over 3,000 deferred policy holders. The bu...

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Holly Roach
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Holly Roach

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