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
-
'Surge' in professional corporate sole trustee appointments expected
-
DC master trust member outcomes improve 'significantly' following 2022 volatility
-
Growth in pension cyber incident reports ‘impacts ICO case completion times’
-
Advisers play ‘crucial role’ in retirement planning amid changing regulatory landscape
-
This week in pensions: 18-22 November 2024
-
News in brief - 22 November 2024
A time for fixed income
Francesca Fabrizi discusses fixed income trends and opportunities with Goldman Sachs Asset Management Head of UK Pensions Solutions, Fixed Income Portfolio Management, Henry Hughes, in our Pensions Age video interview
Purposeful run-on
Laura Blows discusses purposeful run-on for DB schemes with Isio director, actuarial and consulting, Matt Brown, in Pensions Age’s latest video interview
Find out more about Purposeful Run On
Find out more about Purposeful Run On
Keeping on track
In the latest Pensions Age podcast, Sophie Smith talks to Pensions Dashboards Programme (PDP) principal, Chris Curry, about the latest pensions dashboards developments, and the work still needed to stay on track
Building investments in a DC world
In the latest Pensions Age podcast, Sophie Smith talks to USS Investment Management’s head of investment product management, Naomi Clark, about the USS’ DC investments and its journey into private markets
© 2019 Perspective Publishing Privacy & Cookies
Recent Stories