All Clifford Chance articles
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NewsL&G agrees to Cable and Wireless £340m buy-in
Legal & General (L&G) said the deal, worth around £340m with the Cable and Wireless Superannuation fund has secured the benefits of around 1,800 retirees and deferred members and marks the fund's third and final transaction.
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NewsL&G completes £1.8bn buy-in of United Utilities schemes
Legal & General has completed buy-in with the trustees of two pension schemes sponsored by United Utilities, in a deal that covers around two thirds of their liabilities.
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NewsMorrisons scheme secures buy-in on back of gilt yields rise
On the go: The Wm Morrison 1967 Pension Scheme has agreed a £762mn buy-in with Rothesay, securing the remainder of the liabilities for the 1967 section of the Morrisons Retirement Saver Plan.
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NewsChemical company scheme agrees £430mn buy-in
On the go: The Tioxide Pension Fund has agreed to a £430mn buy-in with Legal & General.
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NewsCo-operative Pension Scheme completes £1.2bn full section buy-in
On the go: The £11.8bn Co-operative Pension Scheme’s £2.1bn Bank Section has completed a full £1.2bn buy-in with Rothesay.
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Mowlem scheme completes buyout and exits PPF
On the go: The Mowlem (1993) Pension Scheme has entered into a £150m buyout transaction with Legal & General Assurance Society, securing benefits outside of the Pension Protection Fund.
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Marie Curie scheme completes £30m buy-in
On the go: The £30.8m Marie Curie Cancer Care Pension Scheme has agreed a full-scheme bulk annuity transaction worth around £30m with Legal & General.
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Trustees must watch out for buyout tax implications
Defined benefit trustees have been urged to be on their guard against a new interpretation of tax law that could see certain members hit by unexpected tax charges on buyout.