GSK seals £900m buy-in deal with Prudential

Jenna Towler
clock •

UK - GlaxoSmithKline trustees have agreed a £900m ($1.4bn) buy-in deal with Prudential.

Trustees of two of the company's four pension schemes, worth a combined £1.6bn, have bought insurance contracts with Prudential in insure about 15% of GSK's UK defined benefit pensioner liabilities...

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Jenna Towler
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