Articles - PIC on how Metal Box buyout deal forms a pensions blueprint


With liabilities totalling £2.2bn, the Metal Box Pension Scheme buyout was one of the largest in the bulk annuity market over the last 10 years. The size of the deal, the tight timescales and the client’s focus on member outcomes led to the inclusion of a number of innovative features. Mitul Magudia and Peter Rennalls, head of business development and head of transition management at Pension Insurance Corporation plc, explain why this deal now forms a blueprint for large pension schemes in the UK to immunise themselves from risks on their balance sheets.

 

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