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

Concerns over capacity to handle pensions dashboards queries
As hundreds of pension schemes have now completed their connection to pensions dashboards and many more continue to do so, the Society of Pension Prof
Pensions industry must use every touchpoint against scams
The Fraud Minister, Lord Hanson, has urged trustees to take every opportunity to protect their members from fraudsters. Speaking at the Pension Scams
The Big Pension Blind Spot
Over a third of people who changed jobs in the last five years didn’t ask about their new employer’s pension scheme during the recruitment process. Ju

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.