Call us on 0845 601 2923
or
 
 
 

Leyland DAF scheme buyout

13 January 2009

The trustee of the 5000 member Leyland DAF Pension Scheme has insured the scheme's liabilities in a £230m buyout deal with Pension Insurance Corporation (PIC). The Leyland DAF Pension Scheme was closed to new members in 1994, while the sponsoring company went into liquidation in July 1996. It has in recent years secured substantial benefits with the state pension scheme and commenced winding-up.

Aon Trust Corporation was appointed as an independent trustee to the Leyland DAF Pension Scheme in 1993.

Pension Corporation, the parent firm of PIC, said Aon would be assessing the level of surplus and considering how best it can be used for the scheme members - including the amount of any benefit improvements - as part of the winding up process.

 

 

Share with:
Contact us

There are a number of ways to contact us.

We regret, however, that we are unable to accept visitors at our office.

Call
0845 601 2923
or email us

Web chat
Talk to a pensions expert live now
This web chat service is available Monday to Friday (9am to 5pm) and Tuesdays (7pm to 9pm)