Investment - Articles - Quantum Advisory completes buy in with Legal and General

Quantum Advisory is pleased to announce the completion of a £6.5m buy-in transaction with Legal & General for a Defined Benefit Scheme with 17 members.

 Legal advice was provided to the Trustees by Mills & Reeve and Quantum Advisory acted as the broker for the buy-in transaction as well as providing administration, actuarial and investment consultancy to the Trustees.
 Darren Wateridge, Senior Consultant and Actuary at Quantum Advisory commented: “It has very much been a pleasure working with the Trustees, Mills & Reeve and Legal & General to secure the buy-in policy for this scheme”.

 Fiona Jaffray, Pricing and Strategy Actuary at Legal & General commented:“Our streamlined approach for smaller schemes, including novation of the scheme’s LGIM assets as premium payment, coupled with the straightforward and collaborative process run by Quantum Advisory led to the smooth and highly efficient completion of the transaction. We’re pleased to have supported the Trustees and its advisers in securing the benefits of the scheme’s members.”

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