Law Debenture

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.

PTL and Law Debenture’s pensions business have both reported growth in revenue and new business.

Law Debenture has reported a smaller overall growth in pensions revenue for 2019 despite an increase in net pensions revenue.

The Tate & Lyle Pension Scheme has completed a £930m full buy-in with Legal & General (L&G), insuring benefits for around 4,800 members.