Sackers advises Cobham Pension Plan on its £530m buy-in with Standard Life

The Cobham Pension Plan has completed a £530m buy-in with Standard Life. The bulk purchase annuity transaction completed in August and secured the benefits of approximately 3,000 members, meaning all members’ benefits in the plan are now been protected.

Partner Ian Cormican led the Sackers team and commented: “It was a pleasure to work closely with Cobham Pension Plan and advise on the steps they needed to take to de-risk the pension plan. We are delighted that the buy-in was successful and secured all of the remaining 3,000 members’ benefits.”