Sackers advises IBM on £3.2bn buy-in with Rothesay Life

Buy-in / Buy-out / Longevity

The IBM Pension Plan announces its £3.2bn buy-in with Rothesay Life. This significant transaction materially improves the financial security of all pensioner members’ benefits. Sackers provided full support to the Trustee to enable them to complete the buy-in.

Ralph McClelland, Partner at Sackers says:

“We are delighted to have helped the IBM Pension Plan secure an excellent outcome for members. This was a smooth and efficiently executed transaction. It has been a pleasure working with such an experienced team.”

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