The Lincolnshire Co-operative Pension Scheme has completed a £107m buy-in with Rothesay Life, securing the benefits of approximately 2,300 scheme members.

Hymans Robertson acted as risk transfer advisor to the trustees, while legal advice was provided by Womble Bond Dickinson.

The transaction was carried out with the support of the scheme’s sponsor, Lincolnshire Co-operative Limited, with good collaboration, strong governance and project management throughout the transaction resulting in a smooth implementation of the buy-in.

Vidett trustee director and chair of the scheme trustee, Jim Robson, said that the buy-in "significantly strengthens" the security of pensions for the scheme’s members, emphasising that "our priority has always been to provide security and peace of mind, and this transaction delivers on that commitment".

This was echoed by Hymans Robertson risk transfer specialist, Mahad Farooqui, who described the deal as an "important step" towards securing the benefits for over 2,300 members.

"The collaborative approach and thorough preparation ensured a successful outcome that delivers a secure retirement for members and aligns with the scheme’s long-term objectives," he stated.

Adding to this, Rothesay business development, Simon Bramwell, Business Development at Rothesay, said: “We are pleased to have completed this buy-in with the trustees, marking an important milestone for the scheme and its members. This reflects our commitment to providing long-term financial security and high-quality service to trustees and their members.”

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