180,000 members secured by insurance companies

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Some 180,000 UK employees will be members of pension schemes secured by insurance companies by the end of the year, HSBC Actuaries & Consultants research reveals.

The consultant said up to one million members could be part of de-risked schemes by end of 2009. It said it expected the buyout market to grow to around £12bn this year – and said the size of buy-...

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