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flag A UK pension plan bought insurance for £37.5M to secure benefits for 455 members, part of a trend to protect pensions amid market risks.

flag The Dr. Martens Airwair Group Pension Plan completed a £37.5 million buy-in with insurer PIC, securing benefits for 455 members. flag The deal, finalized after collaboration among trustees, the company, and advisers, transfers liability to PIC, ensuring long-term stability. flag This follows similar transactions by Brittany Ferries and Siemens Healthineers UK, reflecting a growing trend of defined benefit pension schemes using insurance to manage risk and protect member benefits amid market uncertainty.

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