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Open Trustees' Jonathan Hazlett
The John Townsend Trust Pension and Assurance Scheme has agreed a buy-in to buyout deal with Legal & General (L&G) Assurance Society, insuring benefits above the level of compensation provided by the Pension Protection Fund (PPF).
The £30m transaction completed on 1 November and covers the benefits of more than 280 members of the charity pension scheme. A PPF assessment period had begun in December 2015 following the inso...
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