Thomas Cook and Coal schemes complete buy-ins with PIC and Just Group

Thomas Cook schemes complete £50m deal and Coal schemes complete £44m transaction

Martin Richmond
clock • 3 min read
Thomas Cook and Coal schemes complete buy-ins with PIC and Just Group

The Thomas Cook Travel Schemes and the trustees of the Industry-Wide Coal Staff Superannuation Scheme (IWCSSS) and the Industry-Wide Mineworkers’ Pension Scheme (IWMPS) have completed buy-ins with Pension Insurance Corporation (PIC) and Just Group, respectively.

Thomas Cook The full scheme buy-ins for three schemes, formerly sponsored by Thomas Cook Group, will total £50m. The schemes entered into Pension Protection Fund (PPF) assessment in September 20...

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

Join now

 

Already a Professional Pensions
member?

Login

More on Risk Reduction

LCP urges trustees to ask the right questions about buy-in

LCP urges trustees to ask the right questions about buy-in

Consultancy says selecting the correct insurer is ‘more than a box-ticking exercise’

Jasmine Urquhart
clock 10 January 2025 • 1 min read
Utmost Life and Pensions formally announces entry into bulk annuity market

Utmost Life and Pensions formally announces entry into bulk annuity market

Provider confirms entry into the market following completion of £20m buy-in last year

Martin Richmond
clock 09 January 2025 • 2 min read
Compass Group Pension Plan completes £1.5bn buy-in with Standard Life

Compass Group Pension Plan completes £1.5bn buy-in with Standard Life

Deal secures benefits of over 14,000 pensioner and 11,000 deferred members

Jonathan Stapleton
clock 09 January 2025 • 2 min read
Trustpilot