The embattled multi-employer Plumbing & Mechanical Services (UK) Industry Pension Scheme has purchased a £560m buy-in with Legal & General (L&G).
The deal, which is believed to be the largest to include a named scheme so far this year, covers all 12,000 pensioner members of the scheme - just over a third of the 35,000 total membership - and ...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
In just a few clicks you can start your free Professional Pensions Lite membership for 12 months, providing you access to:
- Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
- Receive important and breaking news stories via our two daily news alerts
- Hear from industry experts and other forward-thinking leaders
Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here
