Sackers advises the Reuters Supplementary Pension Scheme on £310m buy-in
The Reuters Supplementary Pension Scheme has agreed a £310m full-scheme buy-in deal with Legal & General (L&G) Assurance Society.
Sackers is delighted to have advised the trustees on this major milestone. The buy-in, which is the scheme’s first transaction with L&G, involved the assessment and insurance of a complex multi-benefit structure.
Chair of trustees, Greg Meekings said : “As the trustee and company have managed the scheme to a favourable financial position, we were able to provide our members with even greater security as a result of this transaction”.