K3 Advisory completes £53m buyout with unnamed scheme

Deal covers benefits of 235 pensioners 163 deferred members

Jasmine Urquhart
clock • 1 min read
K3 Advisory's Adam Davis
Image:

K3 Advisory's Adam Davis

K3 Advisory has today (16 February) announced the completion of a £53m buyout with the pension scheme of an unnamed manufacturing business.

The independent bulk annuity and consolidator advisory business said the buyout covered the benefits of 398 members, including 235 pensioners and 163 deferred members. Quantum LLP provided actua...

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 DB Buyouts

Partner Insight: How does 'Active' run-on benefit pension scheme members?

Partner Insight: How does 'Active' run-on benefit pension scheme members?

Gerard McKenna, Senior Consultant, Aon
clock 14 March 2024 • 5 min read

Solvency II drives record buy-in and buyout volumes in Q4

The bulk annuity market had a record final quarter in 2015 as buy-in and buyout deals totalled £5.4bn, according to LCP.

Kristian Brunt-Seymour
clock 17 March 2016 • 2 min read

Five stories you might have missed: TPR's integrated risk management; JLT hires Boniface; barriers to buyout

The biggest stories on PP this week include AMNT launching its red lines initiative to give trustees more voting power and HSBC slashing 'pension' payouts for top executives. Here are the top five

PP Online
clock 11 December 2015 •
Trustpilot