The bulk purchase annuity transaction secured the benefits of around 3,000 members
The bulk annuity transaction has secured the benefits of the trust’s 13,000 members
Simon Evans and Katie Becher say tight timescales don’t sit easily with complex benefit structures
CWS partner Dominic Harris expected to take over from Anthony Arter
Liabilities covered for approximately 1,400 pensioner members
Deal covers pensioner liabilities in the Lloyds Bank Pension Scheme No.1
The lifeboat fund has also appointed two new firms to its legal panel
The full buy-in transaction was signed in December for an undisclosed sum
Deferred-heavy deal completed at the end of 2021 in midst of ‘intense market’ conditions
Biggest buy-in of 2021 so far is Standard Life’s largest deal as business ramps up