Sackers advised the trustee Vidett; PwC and Travers Smith provided advice to the sponsor. Standard Life was advised by Eversheds Sutherland. Standard Life, part of Phoenix...
Standard Life’s £880 Million Buy-It With Rolls-Royce & Bentley Pension Fund
Northern Bank Pension Scheme £286 Million Buy-In
Sackers advises Northern Bank Pension Scheme. Northern Bank Pension Scheme has completed a £286m bulk annuity transaction with M&G subsidiary Prudential Assurance Company as the insurer,...
United Utilities Pension Schemes’ £1.8 Billion Buy-In with Legal & General
Sackers advised the Trustees throughout the transaction. The Trustees of two pension schemes sponsored by United Utilities, the United Utilities Pension Scheme and the United Utilities...
Nationwide Pension Fund’s £1.7 Billion Longevity Risk Transfer Transaction
Sackers advised the Trustee of Nationwide Pension Fund on the deal. Nationwide Pension Fund has announced the completion of a major longevity risk transfer transaction with...
YCB Pension Scheme’s £1.6 Billion Longevity Swap
Sackers advised the Trustee of the YCB Pension Scheme. The Trustee of the YCB Pension Scheme has concluded a longevity swap transaction with Pacific Life Re...
Royal Mail Pension Plan’s Innovative CIO Outsourcing
Sackers advised the Trustee and executive team of Royal Mail Pension Plan. The Royal Mail Pension Plan (RMPP) has selected BlackRock to manage its £8.8bn defined...
Coats UK Pension Scheme’s £350 Million Bulk Annuity Buy-In Transaction With Aviva
Sackers advised Coats UK Pension Scheme on the deal. The transaction involved a £350m bulk annuity buy-in transaction with Aviva. The buy-in secures the defined benefit pension...
EDS 1994 Pension Scheme’s £1.1 Billion Buy-In With PIC
Sackers, Mercer, DLA Piper, Eversheds and Addleshaw Goddard advised on the deal. Pension Insurance Corporation plc (“PIC”), a specialist insurer of defined benefit pension schemes, has...
Nationwide Pension Fund’s £172 Million Buy-In With Canada
Sackers advised the Nationwide Pension Fund on the deal. Nationwide Pension Fund has completed a £172m buy-in with Canada Life for pensioner members in its Cheshire...
Air Canada (UK) Pension Trust Fund’s £380 Million Buy-In With PIC
Sackers advised Air Canada (UK) Pension Trust Fund on the deal. The Trustee of the Air Canada (UK) Pension Trust Fund has secured a whole scheme...
Metal Box Pension Scheme’s £2.2 Billion Buyout With Pension Insurance Corporation
Sackers advised Crown Holdings, Mayer Brown and Willis Towers Watson advised the Trustees. PIC were advised by Herbert Smith and due diligence on the residual risk...
Signet Group Pension Scheme’s £236 Million Full Scheme Buy-In
Sackers advised the Signet Group Pension Scheme on the deal. The Trustee of the Signet Group Pension Scheme has secured a £236m buy-in with Rothesay Life,...