Sackers advises National Grid pension scheme on £1.6bn buy-in
Sackers has advised the National Grid UK Pension Scheme on its second buy-in this year, transferring £1.6bn of pension risk to Legal & General (L&G). The transaction relates to Section B of the scheme and covers benefits for around 6,000 pensioner members.
This follows the £2.8bn buy-in with Rothesay Life, insuring the benefits of around 8,000 members in Section A of the scheme, which completed in mid-August.
Read more about the transaction here.