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."?
  

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