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.”
Latest News
-
PLSA kicks off 'ambitious' 10-year strategy with rebrand to Pensions UK
-
Govt urged to take 'decisive' action to address 'serious' pension risks
-
Pension schemes shift focus to de-risking amid improved funding levels
-
DB pension transfer redress payments hold steady at historic low
-
Almost £220m in lost pension pots recovered in H1; ‘billions’ still to be found
-
West Yorkshire Pension Fund invests £25m in nature-based infrastructure fund.
A changing DC market
In our latest Pensions Age video interview, Aon DC senior partner and head of DC consulting, Ben Roe, speaks to Laura Blows about the latest changes and challenges within the DC sector
Being retirement ready
Gavin Lewis, Head of UK and Ireland Institutional at BlackRock, talks to Francesca Fabrizi about the BlackRock 2024 UK Read on Retirement report, 'Ready or not. How are we feeling about retirement?’
Podcast: Who matters most in pensions?
In the latest Pensions Age podcast, Francesca Fabrizi speaks to Capita Pension Solutions global practice leader & chief revenue officer, Stuart Heatley, about who matters most in pensions and how to best meet their needs
Podcast: A look at asset-backed securities
Royal London Asset Management head of ABS, Jeremy Deacon, chats about asset-backed securities (ABS) in our latest Pensions Age podcast
© 2019 Perspective Publishing Privacy & Cookies
Recent Stories