Transaction secures the benefits of 500 scheme members
Deal is both first in charitable sector and first to make use of connected covenant structure
Fears regulators will use asset allocation test to decide whether or not to approve a MSDA
Transaction secures the benefits of all 705 scheme members
Third and fourth transactions protect schemes from cost of unexpected increases to life expectancy
Transaction secures the benefits of over 850 deferred members and 650 pensioners
Eversheds Sutherlands and NatWest Cushon say it is ‘reasonable’ for trustees to take cost of living factors into account
Transaction fully secures the benefits for all of the scheme’s members
Deal secures the benefits of 95 pensioners and dependents and 74 deferred members
Deal secures benefits of over 14,000 pensioner and 11,000 deferred members