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

LCP predicts over 300 buy-in deals will be completed in 2025

LCP predicts over 300 buy-in deals will be completed in 2025

Growth being driven by streamlined services for smaller schemes

Jonathan Stapleton
clock 14 March 2025 • 2 min read
Fuller's scheme completes full buy-in with Legal & General

Fuller's scheme completes full buy-in with Legal & General

Pub and hotel group said move demonstrates its financial strength and reduces liabilities

Jonathan Stapleton
clock 13 March 2025 • 1 min read
PP Endgame Summit: Two weeks to go!

PP Endgame Summit: Two weeks to go!

The summit will take place on Wednesday 26 March in London

Professional Pensions
clock 12 March 2025 • 1 min read
Trustpilot