Pensions - Articles - Sackers advise Royal Mail on GBP450m buy in with Rothesay


Sackers announced its role in advising the Trustee of the Royal Mail pension plan in relation to the Post Office Limited section’s £450m bulk annuity transaction with Rothesay Life.

 Ralph McClelland, partner at Sackers, commented: “The past four years have seen an unprecedented increase in buy-in and buy-out activity in the market, something our own experience supports. In the past 18 months alone, we have advised trustees and employers on transactions with every major insurer quoting for business during that period - with a combined deal volume of around £2.4bn in 2017. This particular deal related to the benefits of 5,700 deferred members accrued since 2012. We carried out a detailed and thorough review of the legal documentation on what was a complex and innovative transaction to ensure a swift and successful completion.”

 The Trustee was also advised by Lane Clark & Peacock (LCP) and ARC solicitors.
  

Back to Index


Similar News to this Story

PPF marks 20 years of protection in its Annual Report
The Pension Protection Fund (PPF) has published its 2024/25 Annual Report and Accounts, marking its 20th anniversary with a year of strong financial p
DC pensions continue to back Net Zero despite ESG backlash
Barnett Waddingham’s latest DC Sustainability Report finds a 34% increase in allocations to funds with a climate target in the growth stage since orig
Chancellors focus on guided retirement for pensions savers
Ahead of the Mansion House speech to be delivered by UK Chancellor Rachel Reeves on the evening of 15 July, Glyn Bradley, Chair of Pensions Board at t

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.