Background The Scheme’s liabilities were secured by way of a buy-in policy. The policy was then reinsured back‑to‑back with a captive reinsurer within the employer group under the ‘PenCap II’ structure, with a fronting insurer interposed between the trustee and
| less than a minute read
Part 3 - Buy ins, buy outs and surplus - lessons from Coca Cola

/Passle/684aabd0876e0bc0c5ee8005/SearchServiceImages/2026-05-21-18-10-47-423-6a0f4aa79c1e789ba606a86a.jpg)
/Passle/684aabd0876e0bc0c5ee8005/SearchServiceImages/2026-05-21-18-10-09-066-6a0f4a81ce6428ecc68adcd1.jpg)
/Passle/684aabd0876e0bc0c5ee8005/SearchServiceImages/2026-05-21-18-08-15-719-6a0f4a0fce6428ecc68ad794.jpg)
/Passle/684aabd0876e0bc0c5ee8005/SearchServiceImages/2026-05-21-18-07-18-316-6a0f49d60e3b70e84709f102.jpg)