Dr. Martens scheme completes £37.5m buy-in with PIC

Bulk purchase annuity transaction secures benefits of 455 scheme members

Martin Richmond
clock • 2 min read
Dr. Martens store in Oxford Street in London (credit: Peter Fleming on iStock)
Image:

Dr. Martens store in Oxford Street in London (credit: Peter Fleming on iStock)

The Dr Martens Airwair Group Pension Plan has completed a £37.5m buy-in with Pension Insurance Corporation (PIC).

The transaction for the scheme, sponsored by footwear company Dr. Martens, has secured the benefits of 455 scheme members. Barnett Waddingham acted as risk transfer consultant to the scheme trus...

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