Herbert Smith Freehills
Risk Reduction
The Co-operative Pension Scheme (Pace) has agreed its third buy-in this year, insuring £400m of liabilities in the Co-operative Bank section of the scheme with Pension Insurance Corporation (PIC).
14 April 2020
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2 min read
Risk Reduction
Multinational communication services giant WPP has completed a £250m buy-in for two of its pension schemes with Pension Insurance Corporation (PIC) as the insurer celebrated a “healthy pipeline” of deals amid the Covid-19 outbreak.
31 March 2020
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3 min read
Risk Reduction
The Co-operative Pension Scheme (Pace) has agreed a £1bn buy-in with Pension Insurance Corporation (PIC), insuring benefits for around 7,000 members.
19 February 2020
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2 min read
Risk Reduction
The Electricity North West Group of the Electricity Supply Pension Scheme (ESPS) has invested in an £805m pensioner buy-in with Scottish Widows.
18 December 2019
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2 min read
Risk Reduction
The British American Tobacco (BAT) UK Pension Fund has completed a £3.4bn buy-in with Pension Insurance Corporation (PIC), the largest buy-in transaction including pensioner and deferred members.
01 August 2019
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2 min read
Risk Reduction
The Co-operative Group's Somerfield Pension Scheme has completed a buy-in with Pension Insurance Corporation (PIC), insuring the benefits of its pensioner members.
17 January 2019
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1 min read
Law and Regulation
A landmark ruling in the European Court of Justice means the PPF must now revisit how it calculates members' benefits. James Phillips explores the impact.
06 September 2018
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6 min read
