De Beers scheme completes full £870m buy-in with PIC

Transaction fully secures the benefits for over 1,900 pensioners and deferred members

Martin Richmond
clock • 2 min read
De Beers scheme completes full £870m buy-in with PIC

The De Beers UK Pension Scheme has completed an £870m full buy-in with Pension Insurance Corporation (PIC).

The bulk annuity transaction for the scheme, which is sponsored by diamond company De Beers UK, has fully secured the benefits for 1,464 pensioners and 473 deferred members. Hymans Robertson act...

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Martin Richmond
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Martin Richmond

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