ICI takes insured benefits to £5.4bn with string of buy-ins

clock

The ICI Pension Fund has completed four buy-ins over the last year to take its total benefits insured past £5bn in a strategy advisers say sets a blueprint for other large schemes.

The scheme completed buy-ins worth £800m with Prudential in November 2014 and June this year, and secured a further £1bn of benefits in deals with Legal and General (L&G) in March and June of this ...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • 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

Join now

 

Already a Professional Pensions
member?

Login

More on Risk Reduction

Exploring the advantages of BPA value share arrangements

Exploring the advantages of BPA value share arrangements

Argyll Covenant’s Paul Galpin and Richard Hall explore the ‘new type of BPA structure’

Paul Galpin and Richard Hall
clock 18 December 2024 • 5 min read
G R Wright & Sons scheme secures £4m buy-in deal with Just Group

G R Wright & Sons scheme secures £4m buy-in deal with Just Group

Full scheme buy-in secures the benefits of all 13 members

Holly Roach
clock 18 December 2024 • 2 min read
PIC teams up with SEI Master Trust to offer bulk DC transfer service

PIC teams up with SEI Master Trust to offer bulk DC transfer service

Collaboration aims to improve member outcomes

Jonathan Stapleton
clock 17 December 2024 • 1 min read
Trustpilot