Baker Hughes Completes Three Buy-Ins Worth £900m with PIC

Baker Hughes completes three buy-ins worth £900m with PIC

The transactions secure pensions of over 3,000 pensioners and dependents, and nearly 4,000 deferred members

PIC concludes buy-ins for three pension schemes - portfolio institutional

Pension Insurance Corporation, the specialist insurer of defined benefit pension schemes, has concluded simultaneous buy-ins with three schemes sponsored by Baker Hughes: the UK Baker Hughes Pension Plan, the Brush Group Pension Scheme, and the Pipeline Integrity International (PII) Group Pension Scheme. The buy-ins cover liabilities of £900m and secure the pensions of over 3,000 pensioners and dependants, and nearly 4,000 deferred members.  Bak…