Carillion scheme agrees £150m PPF+ buyout with L&G
The Mowlem (1993) Pension Scheme has secured the benefits of around 1,000 members in a buyout with Legal & General (L&G) offering income above compensation levels.
The transaction follows the liquidation of its sponsor, Sovereign Hospital Services, which entered into liquidation following the collapse of its owner, Carillion Group, in 2018. Three years after the...
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