Sackers advises Carillion scheme on £150m PPF+ buy-out with L&G


Buy-in / Buy-out / Longevity

The Mowlem (1993) Pension Scheme announces its £150m PPF+ buy-out with L&G. This momentous transaction secures the benefits of around 1,000 members, offering income above compensation levels.

Partner, Faith Dickson says: “It was great to work with ITS and Mercer on this, using our combined experience to achieve such a good outcome for members. A big thank you too to L&G for their practical approach to getting the deal done.”

Faith Dickson and Ralph McClelland from Sackers advised.

Read more in Professional Pensions (subscription required)

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