FSCS Pension Scheme secures £25m buy-in deal with PIC

Full-scheme transaction secures the benefits of 37 pensioners and 117 deferred members

Holly Roach
clock • 2 min read
FSCS Pension Scheme secures £25m buy-in deal with PIC

The Financial Services Compensation Scheme (FSCS) Pension Scheme has completed a £25m buy-in with Pension Insurance Corporation (PIC).

The full-scheme buy-in transaction – which required no additional contributions from the employer – secures the benefits of all 154 members, comprising of 37 pensioners and 117 deferred members. ...

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Holly Roach
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