What have we learned from the past few weeks and what needs to change in the LDI sector?
Deal also provides inflation protection for all 7,600 members of the scheme
Third buy-in takes scheme’s insured benefits to around half of liabilities
Pitt replaces Tony Filbin who held the trustee chair role for six years
Law Debenture posted £11.5m of revenue in its pension business in 2020, growth of 8.3% on the prior year, with its governance service receiving enhanced activity.
Law Debenture has acquired the company secretarial business (CSS) of Konexo from Eversheds Sutherland for a cash payment of £20m.
The Baker Hughes (UK) Pension Plan has secured approximately £100m of liabilities through a buy-in with Just Group.
Chris Keating has been appointed as pensions executive at Pegasus, the pensions governance business of Law Debenture.
Trish Houston has been appointed as chief operating officer (COO) at Law Debenture and will also join its board as an executive director.
The Hays Pension Scheme has agreed a six-year contract extension with EQ Paymaster to deliver services including GMP equalisation, data cleansing, and address tracing.