K3 Advisory and Cartwright support deal with large proportion of deferred members
K3 Advisory issues warning to schemes to keep on top of preparations
Deferred-heavy deal follows a similar transaction in 2018
The defined benefit (DB) scheme of Shepherd Foods (London) has completed a £3m buyout with Aviva, insuring the benefits of 13 pensioner and deferred members.
Rothesay has completed a £6m follow-on buyout with an unnamed aviation scheme, insuring benefits of eight pensioners and 31 deferred members.
The Civil Aviation Authority (CAA) and Sydney Packett & Sons have agreed bulk annuity deals for their pension schemes with Legal & General (L&G) respectively.
This week’s top stories included the launch of Scottish Widows’ ESG exclusions policy, while Deloitte acquired the admin and actuarial business of Kerr Henderson.
The NG Bailey Scheme has agreed two pensioner buy-ins worth £66m with Just Group with support from K3 Advisory.
Schroders has partnered with K3 Advisory to offer its fiduciary management clients up to-date market information and pricing to help decision making around endgame options, such as buy-in or buyout.
Nimble footwork enables small schemes to compete with the big boys in the buyout market, says Stephanie Hawthorne.