Mitchells & Butlers serves up £650m buy-in with L&G

Deal with pub and restaurant operator is the 20th to be announced by the insurer this year

James Phillips
clock • 2 min read
Mitchells & Butlers runs a number of pub and restaurant chains, including Toby Carvery. Photo: Mitchells & Butlers
Image:

Mitchells & Butlers runs a number of pub and restaurant chains, including Toby Carvery. Photo: Mitchells & Butlers

Legal and General (L&G) Assured Society has secured the benefits of all members in the Mitchells & Butlers Executive Pension Plan in a buy-in for around £650m.

The full-scheme bulk annuity deal builds on an existing relationship between L&G Investment Management and the pub and restaurant operator's defined contribution assets. Trustee chairman Jonatha...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Join now

 

Already a Professional Pensions
member?

Login

James Phillips
Author spotlight

James Phillips

Professional Pensions journalist from 2016-2022

More on Risk Reduction

Strategic run-on market set for influx of new entrants this year, EY report says

Strategic run-on market set for influx of new entrants this year, EY report says

Attractiveness of strategic run-on to grow as concept gains traction

Jasmine Urquhart
clock 17 April 2025 • 3 min read
South East Water Pension Scheme secures £120m buy-in deal with Just Group

South East Water Pension Scheme secures £120m buy-in deal with Just Group

Second transaction with the scheme means all member benefits are now insured

Holly Roach
clock 14 April 2025 • 2 min read
Escrow: The unsolved solution to pension problems?

Escrow: The unsolved solution to pension problems?

LawDeb and Dentons look at the use of escrow to solve problems such as trapped surplus

James Rickards and Carolyn Saunders
clock 14 April 2025 • 4 min read
Trustpilot