Description: The Metal Box Pension Scheme website gives you access to details on the DB, DC and Auto-enrolment Sections of the Scheme.
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The Defined Benefit (DB) Section of the Metal Box Pension Scheme (the Scheme) has been bought out by a specialist pensions insurer. This is good news for members.
In 2021, the Metal Box Pension Trustees Limited (the Trustee) and Crown Packaging Manufacturing UK Ltd (the Company) agreed to a buy out of the DB Section of the Scheme by a specialist pensions insurer – Pension Insurance Corporation (PIC).
The Trustee wrote to all members of the DB Section of the Scheme on 1 October 2021 to explain what this means.