Amey OS scheme completes £400m buy-in with PIC

Liabilities of 3,400 members are insured through deal with engineering firm’s scheme

Jasmine Urquhart
clock • 2 min read
Amey OS Pension Scheme has completed a £400m partial buy-in with PIC
Image:

Amey OS Pension Scheme has completed a £400m partial buy-in with PIC

The trustee of the Amey OS Pension Scheme has completed a partial buy-in with the Pension Insurance Corporation (PIC).

Through the transaction - announced today (16 January) - PIC has insured approximately £400m of liabilities with the deal covering 3,473 members, including 1,938 deferred members. PIC head of bu...

To continue reading this article...

Join Professional Pensions

  • Unlimited access to real-time news, analysis and opinion from the industry
  • Receive our in-depth monthly magazine in either print or digital format
  • Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
  • Receive important and breaking news stories selected by the Editors in our daily newsletter
  • Hear from industry experts and other forward-thinking leaders
  • Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date

Join now

 

Already a Professional Pensions
member?

Login

Jasmine Urquhart
Author spotlight

Jasmine Urquhart

Senior Correspondent at Professional Pensions

More on Risk Reduction

Key considerations for streamlined bulk purchase annuity solutions

Key considerations for streamlined bulk purchase annuity solutions

Smaller schemes now have a range of solutions to choose from, but how do they differ?

Mark van den Berghen
clock 14 May 2024 • 4 min read
Norgine scheme completes £28m buy-in with Canada Life

Norgine scheme completes £28m buy-in with Canada Life

Bulk annuity transaction secures the benefits of 308 members

Martin Richmond
clock 14 May 2024 • 1 min read
Seven small undisclosed schemes complete buy-ins with Aviva and Just

Seven small undisclosed schemes complete buy-ins with Aviva and Just

Transactions secure the benefits for combined 307 pensioners and 274 deferred members

Martin Richmond
clock 10 May 2024 • 2 min read
Trustpilot