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...

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

Scale, support and sustainability to 'define' DC market in 2026

DB redress payments to remain 'historically low' in Q1

More on Risk Reduction

DB funding remains steady in December, Broadstone finds
Risk Reduction

DB funding remains steady in December, Broadstone finds

Broadstone index finds both its modelled schemes made steady progress during 2025

Jasmine Urquhart
Jasmine Urquhart
clock 08 January 2026 • 1 min read
NG Bailey scheme completes £155m buy-in with PIC
Risk Reduction

NG Bailey scheme completes £155m buy-in with PIC

Bulk purchase annuity transaction secures the benefits of 1,581 members

Martin Richmond
Martin Richmond
clock 08 January 2026 • 1 min read
Ability to act decisively and strategically in BPA market 'never been more critical'
Risk Reduction

Ability to act decisively and strategically in BPA market 'never been more critical'

Standard Life says trustees will continue to select insurers that provide bespoke solutions and pricing

Jasmine Urquhart
Jasmine Urquhart
clock 07 January 2026 • 2 min read
Trustpilot