Dynochem UK scheme completes £15m buyout with PIC

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The trustees of the Dynochem UK Pension Scheme have concluded a £15m buyout of pensioner liabilities and 100 members with the Pension Insurance Corporation (PIC).

Advised by DLA Piper and Mitchell Consulting, the scheme sought the transaction as part of conditions for the sale of the sponsor, which is the UK arm of Dynea. The adhesion and surfacing soluti...

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