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...

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