On the go: The circa £13mn Jarvis Group Limited Pension Plan has agreed a full buy-in with Legal & General, securing the benefits of more than 90 members, including 72 retirees.
Trustee Simon Lawrence said: “Aside from securing the best outcome for our members, the next most important thing for us is being able to work with a team of providers who were able to work efficiently and collaboratively to get us to where we need to be.
“The team on this buy-in were able to do exactly that, making the whole process seamless.
“We have not only secured the benefits of our 90 members, but we are in a very a strong position to achieve our target objective to buyout,” he added.
The fund is an existing L&G client, having partnered with its investment management business for more than 23 years. This is its first bulk annuity transaction.
This article first appeared on MandateWire.com
