PIC completes £2bn Sainsburys pension buy-in
By IAN Editorial Desk
15 October 2023·1 min read
2026-02-18 Pension Insurance Corporation today announced it has completed a £2 billion buy-in with the Trustee of the Sainsbury’s Pension Scheme, covering...
Pension Insurance Corporation today announced it has completed a £2 billion buy-in with the Trustee of the Sainsbury’s Pension Scheme, covering liabilities of the UK defined benefit arrangement. The transaction adds to the insurer’s growing portfolio of large corporate pension risk transfer deals in 2023.
The buy-in was executed by Pension Insurance Corporation plc, described as a specialist insurer of…
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