PIC concludes £870mn full buy-in of De Beers UK Pension Scheme

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Reinsurance News - Apr 04, 2024

Specialist insurer Pension Insurance Corporation plc (PIC), has completed an £870 million full buy-in of the De Beers UK Pension Scheme. The bulk annuity transaction for the scheme, which is sponsored by diamond company De Beers UK, has fully secured the pensions of 1,464 current pensioners and 473...

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