Helaba UK scheme secures £36m buy-in with PIC

Bulk annuity transaction secures the benefits for all 156 members of the scheme

Martin Richmond
clock • 2 min read
The Helaba banking and outlook tower in Frankfurt (Credit: iStock)
Image:

The Helaba banking and outlook tower in Frankfurt (Credit: iStock)

The Helaba (London) Pension and Life Assurance Plan has secured a £36m buy-in with Pension Insurance Corporation (PIC).

The bulk annuity transaction has fully secured the benefits for 156 members of the scheme, which is sponsored by The Helaba Group, a commercial bank and central bank, as well as a regional developm...

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