K3 Advisory completes £12m full buy-in deal

Benefits have been insured for members in a scheme of a global retail business

Hope William-Smith
clock • 1 min read
The deal is K3 Advisory's first working with Schroders Solutions
Image:

The deal is K3 Advisory's first working with Schroders Solutions

Bulk annuity and consolidator advisory firm K3 Advisory has today (22 February) announced the completion of a £12m full buy-in deal for a scheme of a global, family-owned retail business.

The deal - which was completed in September 2021 - covered 132 deferred and 134 pensions members. K3 Advisory managing director Adam Davis said multiple insurers had bid for the deal after a suc...

To continue reading this article...

Join Professional Pensions

  • Unlimited access to real-time news, analysis and opinion from the industry
  • Receive our in-depth monthly magazine in either print or digital format
  • Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
  • Receive important and breaking news stories selected by the Editors in our daily newsletter
  • Hear from industry experts and other forward-thinking leaders
  • Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date

Join now

 

Already a Professional Pensions member?

Login

More on Risk Reduction

Cable and Wireless fund and L&G sign £340m buy-in

Cable and Wireless fund and L&G sign £340m buy-in

Deal secures the benefits of around 1,800 retirees and deferred scheme members

Holly Roach
clock 21 September 2023 • 2 min read
Risk transfer volumes expected to continue increasing into H2

Buy-in and buyout volumes hit £21.3bn in first six months of year

Hymans Robertson says H1 was the busiest ever for the risk transfer market

Jasmine Urquhart
clock 20 September 2023 • 2 min read
M&G re-enters market with two buy-in deals totalling £617m

M&G re-enters market with two buy-in deals totalling £617m

Insurer re-enters market to secure the benefits for the members of two schemes

Martin Richmond
clock 20 September 2023 • 2 min read
Trustpilot