The London Stock Exchange (LSE) has signed a £203 million deal to insure its pensioner members’ liabilities, Global Pensions reports. The deal was signed after a £33 million increase in the scheme’s surplus. As a part of the contract, Pension Insurance Corporation (PIC) will insure all of LSE’s current pensioner members for a premium of £158 million. PIC will also take on all investment, inflation and mortality risks for the scheme’s liabilities relating to its retired members.
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