Category: Clients
Pension Insurance Corporation insures the Gartmore Pension Scheme
London, 2 May 2012 - Pension Corporation, a leading provider of risk management solutions to defined benefit pension funds, today announces that the Trustee of the Gartmore Pension Scheme (“the Scheme”) has entered into a pension insurance buy-in agreement with Pension Insurance Corporation (“PIC”). The transaction covers around £160 million of liabilities and all 600 members of the Scheme. The Trustee was advised by Lane Clark & Peacock LLP (“LCP”) and Sacker & Partners LLP; PIC was advised by Herbert Smith.
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- Clients
Pension Insurance Corporation insures Mercers' Livery Company Staff Pension Scheme
London, 25 April 2012 - Pension Corporation, a leading provider of risk management solutions to defined benefit pension funds, today announces that the Trustees of the Mercers' Company Staff Pension Scheme have entered into a pension insurance buyout agreement with Pension Insurance Corporation ("PIC"). The transaction covers around £35 million of liabilities and almost 150 members. Barnett Waddingham advised the trustees.
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- Clients
Pension Insurance Corporation insures open pension fund in ground-breaking transaction
London, 15 March 2012 - Pension Corporation, a leading provider of risk management solutions to defined benefit pension funds, today announces that the Trustees and sponsors of the DENSO Manufacturing UK Pension Scheme and the DENSO Marston Pension Scheme have entered into a ground-breaking pension insurance buyout agreement with Pension Insurance Corporation ("PIC"), which covers accrued pensions and allows members to continue accruing future final salary benefits through insurance policies. The transaction covers around £200 million of liabilities.
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- Clients
Pension Insurance Corporation insures Morris Ashby pensioners from PPF
London, 5 September 2011 – Pension Corporation, a leading provider of risk management solutions to defined benefit pension funds, today announces that the Trustees of the Morris Ashby Limited Pension Scheme have entered into a pension insurance buyout agreement with Pension Insurance Corporation (“PIC”). The pension fund has liabilities of £38 million and 480 members.
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- Clients
PIC insures ITB Closed Fund
London, 30 August 2011 – Pension Corporation, a leading provider of risk management solutions to defined benefit pension funds, today announces that the Trustees of the ITB Closed Fund have entered into a pension insurance buy-in agreement with Pension Insurance Corporation (“PIC”). The transaction amounted to £152.7m and relates to the pension fund’s 1,662 members.
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- Clients
Pension Insurance Corporation insures Nova Chemicals UK Pension Plan
London, 22 August 2011 – Pension Corporation, a leading provider of risk management solutions to defined benefit pension funds, today announces that the Trustee of the Nova Chemicals UK Pension Plan ("the Plan") has entered into a pension insurance buyout agreement with Pension Insurance Corporation ("PIC"). The insurance buyout agreement covers liabilities of £30 million and the Plan's 155 members, mainly based in Manchester.
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- Clients
Pension Insurance Corporation insures London Stock Exchange Pension Scheme in innovative transaction
Pension Corporation, a leading provider of risk management solutions to defined benefit pension funds, today announces that the Trustees of the London Stock Exchange Retirement Plan ("the Plan") have entered into a pension insurance agreement with Pension Insurance Corporation ("PIC") to insure around £200 million of the scheme's liabilities. The insured liabilities cover the scheme's pensioner members.
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- Clients
Pension Insurance Corporation insures George Hammond pension scheme
Pension Corporation, a leading provider of risk management solutions to defined benefit pension funds, today announces that the Trustees of the George Hammond PLC Retirement Benefits Plan ("the Plan") have entered into a pension insurance buyout agreement with Pension Insurance Corporation ("PIC"). The Plan has liabilities of £19 million and 152 members.
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- Clients
Pension Insurance Corporation insures Honda Racing Development portion of Honda Pension Scheme
Pension Corporation, a leading provider of risk management solutions to defined benefit pension funds, today announces that the Trustees of the Honda Group UK Pension Scheme ("the Scheme") have entered into a pension insurance buyout agreement with Pension Insurance Corporation ("PIC") to insure the £7 million Honda Racing Development portion of the c.£700 million Scheme.
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- Clients
Pension Insurance Corporation insures the Arnold Laver Pension Scheme: Innovative way to address deficit
Pension Corporation, the leading provider of risk management solutions to defined benefit pension funds, today announces that the Trustees of the Arnold Laver Pension Scheme ("the Scheme") have entered into a pension insurance buyout agreement with Pension Insurance Corporation ("PIC").
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- Clients
