Investment - Articles - ARC advise Royal Mail Pension on annuity deal with Rothesay


ARC advises trustees of Royal Mail Pension Plan on £450m bulk annuity transaction with Rothesay Life

 The Post Office has agreed a bulk annuity buy-in for its section of the Royal Mail Pension Plan, which insures all of its members with Rothesay Life. The deal covers deferred members and includes all benefits accrued since the Plan started In 2012.

 ARC advised the trustees alongside Lane Clark and Peacock (LCP) and Sackers.

 ARC’s role was to carry out an independent assessment and draw up a vendor due diligence report designed to present the risks to insurers in a way that was fair and quickly accessible. The report specified the legal entitlements to be matched by the insurance transaction. This specification had to present an exceptionally complex benefit structure, in a clean and precise manner.

 Senior Partner Anna Rogers acted on the case alongside Partner Jane Kola.

 Anna commented: “We were proud to work with the Trustees alongside their ongoing advisers on this transaction. The goal was to reduce the friction between the real world of pensions admin and the ivory tower of legal documentation. There are constructive things that can be done and a fresh pair of eyes can bring a new perspective. When you’re selling anything it helps if you present it well to the market and pension liabilities are no different.”
  

Back to Index


Similar News to this Story

Spring Budget 2024 predictions
EY’s predictions and commentary ahead of the Chancellor’s Spring Budget on 6th March, with comments relating to financial services
LifeSight appointed by Electricity North West
LifeSight, WTW’s UK defined contribution (DC) master trust, has been appointed by electricity distribution network operator, Electricity North West to
Charity sector must seek independent investment advice
Charity Commission guidance now expects all charity trustees to ‘take professional advice before making and reviewing investments’. Investment manager

Site Search

Exact   Any  

Latest Actuarial Jobs

Actuarial Login

Email
Password
 Jobseeker    Client
Reminder Logon

APA Sponsors

Actuarial Jobs & News Feeds

Jobs RSS News RSS

WikiActuary

Be the first to contribute to our definitive actuarial reference forum. Built by actuaries for actuaries.