Pensions - Articles - LCP advises Gartmore on £160 million full buy-in


 LCP has advised the Trustee of the Gartmore Pension Scheme on a £160 million insurance buy-in agreement with Pension Insurance Corporation (PIC).
  

 The transaction covers the benefits for all 600 members of the Scheme. Since 2008, this is the third largest buy-in or buy-out with a solvent employer where all members are insured.

 Gartmore Group Limited was acquired by Henderson Group plc, a leading, independent asset management firm, in April 2011.
 
 Charlie Finch, partner at LCP said: "We are delighted to help another scheme to meet its objectives and benefit from the recent improvements in buy-in pricing. With the pent-up demand for de-risking and current favourable buy-in pricing I expect the record levels of transactions in 2011 to continue into 2012."?
  

Back to Index


Similar News to this Story

Pension transfer petition nears deadline
Pension savers are being urged to act now as the clock ticks on a parliamentary petition designed to stop unnecessary delays when people seek to move
Funding steady as December caps positive 2025 for DB schemes
Fully hedged scheme sees small funding level decrease over December. 50% hedged scheme does not change funding level between month ends. Both schemes
Pension value to be put under the spotlight
Pension schemes will need to publish clear data on their performance, costs and quality of service, under proposals announced today by the Financial C

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.