Burges Salmon

Bulk annuity transaction secures the benefits for all of the scheme’s members

The transaction secures the benefits of 190 scheme members

Jasmine Urquhart speaks to three lawyers about some of their current priorities

Deal secures benefits of 1,700 retirees and 3,000 deferred members

Deal is both first in charitable sector and first to make use of connected covenant structure

Buy-in took place in July 2024, with buyout secured in January 2025

The deal secures the benefits of 2,295 retirees and 5,890 deferred scheme members

Second deal between PIC and the scheme means all its DB liabilities are now insured

Concerns about fewer individuals making decisions, member returns and sustainability

Pensions industry reacts to chancellor Rachel Reeves’ first Budget