M&S completes £1.4bn buy-ins with Phoenix and PIC

James Phillips
clock • 3 min read

The Marks and Spencer Pension Scheme has completed buy-in deals worth £1.4bn with two insurers, mirroring similar transactions last year.

The policies were purchased last month with Phoenix and Pension Insurance Corporation (PIC), and mean longevity exposure for two-thirds of current pensioners is now hedged. In this round of bulk...

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James Phillips
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James Phillips

Professional Pensions journalist from 2016-2022

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