Bibby Line Group secures £55m buy-in with PIC

Transaction secures the benefits of 667 scheme members

Holly Roach
clock • 2 min read
Bibby Line Group secures £55m buy-in with PIC

The Bibby Line Group Limited Pension Scheme has completed a £55m buy-in with Pension Insurance Corporation (PIC), securing the benefits of 667 scheme members.

Cartwright provided administration and actuarial advice to the trustee and DLA Piper provided legal advice, while PwC led a working group consisting of both trustee and company representatives. Her...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here

Join now

 

Already a Professional Pensions
member?

Login

More on Risk Reduction

Financial services sector pension scheme secures £40m buy-in with Canada Life

Financial services sector pension scheme secures £40m buy-in with Canada Life

Transaction secures the benefits of around 80 pensioners and 60 deferred members

Holly Roach
clock 02 April 2026 • 1 min read
Increased insurer competition for smaller BPA transactions in 2025, Aon finds

Increased insurer competition for smaller BPA transactions in 2025, Aon finds

Consultancy’s risk settlement update shows majority of transactions completed were under £100m

Martin Richmond
clock 30 March 2026 • 2 min read
Rothesay publishes full-year trading update revealing £5.2bn of business in 2025

Rothesay publishes full-year trading update revealing £5.2bn of business in 2025

Deal volumes fall back from 2024 level but insurer says demand remains strong

Jonathan Stapleton
clock 27 March 2026 • 2 min read
Trustpilot