Westminster Abbey scheme secures £25m buy-in with PIC

Deal secures liabilities for 125 pensioners and 107 deferred scheme members

Holly Roach
clock • 2 min read
Westminster Abbey scheme secures £25m buy-in with PIC

The Westminster Abbey Pension Scheme has secured a £25m buy-in deal with Pension Insurance Corporation (PIC), insuring the benefits of around 230 members.

The deal - completed earlier this month - secures the liabilities for 125 pensioners and 107 deferred scheme members. The transaction is the second PIC has completed with a part of the Church of...

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