Rolls-Royce UK Pension Fund
We advised the Trustee of the Rolls-Royce UK Pension Fund on its £4.6bn bulk annuity contract with Legal and General in June 2019.
Pearson Pension Plan
We advised the Trustee of the Pearson Pension Plan on two umbrella buy-in policies with Aviva and L&G in 2017, covering £1.2bn of pensioner liabilities, and the addition of a further £500m of liabilities to the L&G policy in 2019.
Marks and Spencer Pension Scheme
We advised the Trustee of the Marks and Spencer Pension Scheme in 2018 and 2019 on 4 buy-in transactions with Aviva, Phoenix Life and Pension Insurance Corporation, all under umbrella contracts with a combined value of £2.9bn.
Rentokil Initial 2015 Pension Scheme
We advised the Trustee of the Rentokil Initial 2015 Pension Scheme on its £1.5bn bulk annuity contract with Pension Insurance Corporation plc in 2019.
Co-op Pension Scheme
We advised the Trustee of the £10bn Co-op Pension Scheme on the separation of the Cooperative Bank from the scheme by segregating the scheme into two ring-fenced segregated sections.