Institution of Mechanical Engineers scheme secures £40m buy-in with PIC

Full scheme transaction secures the benefits of all 200 members

Holly Roach
clock • 2 min read
Institution of Mechanical Engineers scheme secures £40m buy-in with PIC

The Institution of Mechanical Engineers Pension Scheme has completed a £40m buy-in deal with Pension Insurance Corporation (PIC).

The full scheme transaction secures the benefits of all 200 members. Barnett Waddingham acted as actuarial, administration, investment and risk transfer adviser during the transaction process, w...

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

BPA market sees record activity levels in H1 2025

BPA market sees record activity levels in H1 2025

LCP finds total market volumes expected to exceed £40bn for third year running

Martin Richmond
clock 23 September 2025 • 4 min read
Stora Enso UK scheme secures £61m buy-in with Royal London

Stora Enso UK scheme secures £61m buy-in with Royal London

Risk reduction transaction secures the benefits of 758 scheme members

Martin Richmond
clock 23 September 2025 • 2 min read
Rothesay posts decline in H1 new business premiums

Rothesay posts decline in H1 new business premiums

Insurer says it is maintaining its ‘disciplined and patient approach’

Jonathan Stapleton
clock 23 September 2025 • 2 min read
Trustpilot