The TotalEnergies UK Pension Plan has secured a £1.2bn buy-in with Pension Insurance Corporation (PIC), the largest buy-in deal announced this year.
The transaction has secured the benefits of 2,000 pensioners and dependants and 3,500 deferred policyholders. The is the scheme's second buy-in with PIC, following a £1.6bn deal with the insurer...
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
