Pensions - Articles - LCP advises Gartmore on £160 million full buy-in

 LCP has advised the Trustee of the Gartmore Pension Scheme on a £160 million insurance buy-in agreement with Pension Insurance Corporation (PIC).
  

 The transaction covers the benefits for all 600 members of the Scheme. Since 2008, this is the third largest buy-in or buy-out with a solvent employer where all members are insured.

 Gartmore Group Limited was acquired by Henderson Group plc, a leading, independent asset management firm, in April 2011.
 
 Charlie Finch, partner at LCP said: "We are delighted to help another scheme to meet its objectives and benefit from the recent improvements in buy-in pricing. With the pent-up demand for de-risking and current favourable buy-in pricing I expect the record levels of transactions in 2011 to continue into 2012."?
  

Back to Index


Similar News to this Story

Wish list for the occupational pensions industry in 2025
As one year closes and another begins, it's an opportune moment to set our sights on the future. The UK occupational pensions industry faces nume
PSIG announces outcome of Consultation
The Pensions Scams Industry Group (PSIG), which was established in 2014 to help protect pension scheme members from scams, today announced the feedbac
Transfer values fell to a 12 month low during November
XPS Group’s Transfer Value Index reached a 12-month low, dropping to £151,000 during November 2024 before then recovering to its previous month-end po

Site Search

Exact   Any  

Latest Actuarial Jobs

Actuarial Login

Email
Password
 Jobseeker    Client
Reminder Logon

APA Sponsors

Actuarial Jobs & News Feeds

Jobs RSS News RSS

WikiActuary

Be the first to contribute to our definitive actuarial reference forum. Built by actuaries for actuaries.