Image:
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...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
In just a few clicks you can start your free Professional Pensions Lite membership for 12 months, providing you access to:
- Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
- Receive important and breaking news stories via our two daily news alerts
- Hear from industry experts and other forward-thinking leaders
Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here
