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