The transaction is a ‘key milestone’ towards the trustees’ plan to secure all benefits
Trustees have a lot to consider ahead of implementation, Martin Richmond writes
Deutsche Bank AG has agreed a £570m pensioner buy-in with Legal & General for the defined benefit (DB) (UK) Pension Scheme.
The 3i Group Pension Plan has agreed a £650m buy-in with Legal & General (L&G), insuring the remaining benefits within the scheme.
The Pearson Pension Plan has entered into a £500m pensioner buy-in with Legal & General (L&G) in the insurer's first deal of 2019.
Post Office has agreed a £450m bulk annuity for its section of the Royal Mail Pension Plan, insuring all 5,700 members with Rothesay Life.
Collective defined contribution (CDC) schemes will need clear and transparent governance frameworks, as well as effective communication strategies, to be a success, the Work and Pensions Committee (WPC) has been told.
Kirsty James and Andrew Worthington have been made associates at Sackers, taking the firm's total number of lawyers to 51.
Carly Rees has been hired as an associate by Sackers, taking the law firm's total number of pensions lawyers to 50.