Alps Electric enters £33m buyout with PIC

Stephanie Baxter
clock • 1 min read

The trustees of the Alps Electric Pension Scheme have concluded a £33m buyout of its liabilities with Pension Insurance Corporation (PIC).

Although it is a UK scheme, it is ultimately sponsored by Japanese company Alps Electric - a big manufacturer of electronic components for mobiles and vehicles. The company was advised by Deloit...

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

Aon publishes letter on UK BPA market

Aon publishes letter on UK BPA market

Letter champions innovation, member experience, transparency and planning

Jasmine Urquhart
clock 03 February 2025 • 1 min read
Lufthansa agrees £120m buy-in with Royal London

Lufthansa agrees £120m buy-in with Royal London

Transaction spans across the company’s three DB schemes

Holly Roach
clock 03 February 2025 • 1 min read
FSCS Pension Scheme secures £25m buy-in deal with PIC

FSCS Pension Scheme secures £25m buy-in deal with PIC

Full-scheme transaction secures the benefits of 37 pensioners and 117 deferred members

Holly Roach
clock 03 February 2025 • 2 min read
Trustpilot