3i Group Pension Plan agrees £200m buy-in with PIC
The 3i Group Pension Plan has completed a £200m buy-in with Pension Insurance Corporation (PIC), its first insurance policy so far.
The deal insures around 40% of the private equity firm's defined benefit (DB) scheme's liabilities for pensions in payment, and means the scheme is now 20% insured overall. The scheme has also been reducing...
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