Hays Pension Scheme secures £370m buy-in with PIC

Deal secures benefits of 853 pensioners and dependants and 3,368 deferred members

Holly Roach
clock • 2 min read
Hays Pension Scheme secures £370m buy-in with PIC

The Hays Pension Scheme has completed a £370m buy-in deal with Pension Insurance Corporation (PIC).

The transaction with the scheme – sponsored by recruitment and workforce solutions business Hays Group – secures the benefits of 853 pensioners and dependants and 3,368 deferred scheme members, aft...

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

General Council of the Bar scheme completes £20m 'streamlined' buy-in with PIC

General Council of the Bar scheme completes £20m 'streamlined' buy-in with PIC

Transaction marks the first deal PIC has completed with its Mosaic framework

Martin Richmond
clock 20 December 2024 • 3 min read
Airways Pension Scheme completes £340m longevity swap with MetLife

Airways Pension Scheme completes £340m longevity swap with MetLife

Deal structured as insurance arrangement between scheme trustee and Zurich UK

Holly Roach
clock 19 December 2024 • 3 min read
Exploring the advantages of BPA value share arrangements

Exploring the advantages of BPA value share arrangements

Argyll Covenant’s Paul Galpin and Richard Hall explore the ‘new type of BPA structure’

Paul Galpin and Richard Hall
clock 18 December 2024 • 6 min read
Trustpilot