LawDeb client Hays conducts £271m buy-in
31 August 2018
In August 2018 Hays Pension Scheme conducted a £271m buy-in. LawDeb is appointed as Chair to the Scheme, represented by Andrew Parker. Of the transaction Andrew said
"This transaction is a significant step forward for the scheme in securing members benefits as we have insured virtually all pensioners benefits. In this transaction the trustees worked closely with the company."
On the topic of buy-ins Andrew continues
"The trustee board worked diligently to ensure that this transaction was successful and effectively communicated to members. As independent trustees LawDeb is seeing a rise in buy-ins for schemes looking to de-risk. I would emphasise to any trustee boards considering this, to take time to review the market to ensure you achieve maximum value for members, as we have been able to do for Hays Pension Scheme members."
Read our buy-in case study here to understand more about the process.
The news of the Hays buy-in was covered by Professional Pensions. The full article can be read here Professional Pensions