K3 and Cartwright complete £25m full buy-in

The deal was completed in March and covers 93 pensioners

Holly Roach
clock • 1 min read
K3 and Cartwright complete £25m full buy-in

K3 Advisory and Cartwright have completed a £25m full buy-in for the UK operations of a foreign bank.

The deal - which covers 93 pensioners - was completed in March with insurer Canada Life. XPS Pensions Group acted as administrator and actuary for the scheme and legal advice was provided by BDB...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • 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

Join now

 

Already a Professional Pensions
member?

Login

More on Risk Reduction

St Modwen Pension Scheme constructs £18m buy-in deal with Just Group

St Modwen Pension Scheme constructs £18m buy-in deal with Just Group

Full scheme buy-in secures benefits for 215 pensioners and 55 deferred members

Holly Roach
clock 29 October 2024 • 2 min read
Deutsche Bank and L&G agree £1.1bn buy-in deal

Deutsche Bank and L&G agree £1.1bn buy-in deal

Full buy-in secures the benefits of around 4,000 scheme members

Holly Roach
clock 29 October 2024 • 3 min read
Updated: The biggest buy-ins and buyouts since 2007

Updated: The biggest buy-ins and buyouts since 2007

Professional Pensions rounds up the largest block transfers of liabilities to insurers

Professional Pensions
clock 29 October 2024 • 1 min read
Trustpilot