Insurer steps in after firm provides £15 million top-up
PM newsdesk
Publication date:
5 February 2010
FTSE 100 property group, Liberty International, has “de-risked” its defined benefit pension scheme by having it insured by the Pension Insurance Corporation (Pic).
Pic will insure Liberty’s pension obligations through a buy-in deal worth £61 million, comprising £46 million in scheme assets and a top-up payment of £15 million from Liberty.
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