The Gartmore Pension Scheme has entered into a buy-in with Pension Insurance Corporation to cover the liabilities related to all of the scheme's 600 members.
Henderson, the asset manager that bought Gartmore last year, said the cost of the buy-in had been met from the scheme's surplus which stood at £54.1m on an IFRS17 basis at the end of December. T...
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
