Baker Hughes schemes complete buy-in deals worth £900m with PIC

Three deals secure the benefits of 3,000 pensioners and dependants and nearly 4,000 deferred members

Holly Roach
clock • 2 min read
Baker Hughes schemes complete buy-in deals worth £900m with PIC

Three schemes sponsored by Baker Hughes have completed a £900m buy-in deal with Pension Insurance Corporation (PIC).

The Baker Hughes (UK) Pension Plan, the Brush Group Pension Scheme, and the Pipeline Integrity International (PII) Group Pension Scheme have secured the liabilities of over 3,000 pensioners and dep...

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

WCF Staff Retirement Benefits Scheme secures £7.2m buy-in with L&G

WCF Staff Retirement Benefits Scheme secures £7.2m buy-in with L&G

Transaction secures the benefits of all remaining 122 deferred scheme members

Holly Roach
clock 08 August 2025 • 2 min read
Section of the MMC UK scheme completes £1.9bn buy-in with Standard Life

Section of the MMC UK scheme completes £1.9bn buy-in with Standard Life

Transactions insures the benefits of 6,500 scheme members

Holly Roach
clock 06 August 2025 • 2 min read
DB scheme funding improves in July, Broadstone finds

DB scheme funding improves in July, Broadstone finds

Broadstone Sirius Index records fully hedged scheme position at 70.9%

Jasmine Urquhart
clock 06 August 2025 • 1 min read
Trustpilot