Denso buys out open scheme in ground-breaking deal

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High-tech manufacturer Denso has entered into a ground-breaking buyout with Pension Insurance Corporation to insure the benefits of two schemes remaining open to future accrual.

The deal, which is the first buyout of open schemes, will see PIC take on approximately £200m of liabilities in the Denso Manufacturing UK Pension Scheme and the Denso Marston Pension Scheme. Th...

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