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

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

Martin Richmond
clock • 1 min read
NG Bailey scheme completes £155m buy-in with PIC

The NG Bailey Pension and Life Assurance Plan has completed a £155m buy-in with Pension Insurance Corporation (PIC).

The bulk purchase annuity transaction for the scheme, sponsored by independent engineering and infrastructure provider NG Bailey, follows a series of buy-in transactions and has secured the benefit...

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