Deal is the latest phase of the scheme’s de-risking journey
The project will generate ‘considerable social value’ and create more than 20,000 jobs
The secured debt investment will transform a 1,230-room Birmingham uni student village
Around 1,200 members were covered by the deal, with 80% of scheme now insured
Postgraduate rooms will support 676 students with construction due to complete in 2024
Open trustees write to members as the scheme exists its PPF assessment period
Insurer sees subdued start to the year in similar experience to wider market
The corporation has set an interim target of 2025 to become carbon neutral in its own operations
The investment has been designed to provide cashflow when it is difficult to source public bonds
Professional Pensions is holding a webinar, Pension Risk Transfer Solution: Tranches versus Big Bang, in partnership with Pension Insurance Corporation (PIC).