Pension Insurance Corporation has clinched the largest pension fund buy-in on record in Britain, taking over responsibility for £6.5 billion of pension promises to 40,000 present and former employees of RSA Insurance. Intact Financial Corporation, of Canada, took responsibility for two RSA pension schemes when it bought the listed insurer for £7.2 billion in 2020 in a joint bid with Tryg, of Denmark. Intact said yesterday that it had got the deal over the line by injecting £500 million into...