On the go: Pension Insurance Corporation has concluded a full buyout of all members of the PA Pension Scheme, covering £850m of liabilities and approximately 2,400 members.
The transaction with PA Consulting, an innovation and transformation consultancy, has a bespoke structure with a price lock based on the pension fund’s asset holdings and several non-standard benefits.
Kully Janjuah of PA Consulting, said: “The company and our partner The Carlyle Group, have put in significant time and effort to get the scheme to this position.”
