General Motors UK Retirees Pension Plan has entered into a £230m bulk annuity transaction with Rothesay Life, securing the benefits for all 11,000 members of the scheme.
Lane Clark & Peacock (LCP) advised the trustees on the transaction and LCP partner Clive Wellsteed said: “Rothesay Life ensured execution certainty for our client from the point they were selected as preferred provider through a competitive process run by Lane Clark Peacock. Key attractions of the solution included stable transaction economics for the trustee and a clear process to deliver the desired commercial terms.”
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