Deal also provides inflation protection for all 7,600 members of the scheme
Benefits for around 1,000 members are expected to move to buyout by 2024
First deal completed after the Phoenix bulk annuity team’s rebrand
Biggest deal of 2021 so far sees 12,500 pensioner and deferred members insured
Third bulk annuity for the scheme after 2016 and 2018 deals with PIC and L&G
Matthew Swynnerton explores the impacts of the Pension Schemes Act 2021
The Pension Regulator’s (TPR) strengthened powers under the Pension Schemes Bill could lead to a revival of its clearance process, according to advisers and lawyers.
DLA Piper's Jane Hannon says the post-Covid workplace provides new challenges when it comes to addressing employee mental health.
Trustees face increasingly difficult issues around handling suspected pension scams. Matthew Swynnerton looks at how the Pension Schemes Bill might help.
DLA Piper has set out a list of key issues for occupational pension scheme trustees and sponsors to consider in light on the Covid-19 pandemic.