BESTrustees supports London Stock Exchange Group with £335 million Bulk Purchase Annuity

Catherine Redmond BESTrustees

BESTrustees has supported the London Stock Exchange Group Pension Scheme during its £335 million Bulk Purchase Annuity ('BPA') transaction with Standard Life, part of Phoenix Group.
 
The BPA covers 1,740 members from both sections of the London Stock Exchange Group Pension Scheme - the LSE Section and LCH Section. The transaction completed in May 2023.
 
CATHERINE REDMOND, WHO REPRESENTED BESTRUSTEES AS CHAIR OF THE TRUSTEE COMMENTED:

BESTRUSTEES ACT AS INDEPENDENT TRUSTEE ON THE NATIONWIDE PENSION FUND'S £1.7 BILLION LONGEVITY RISK TRANSFER

BESTrustees is delighted to announce that in its role as Independent Chair of Trustees, it has led the Trustee of the Nationwide Pension Fund during the recent £1.7bn longevity risk transfer transaction with Zurich Assurance and Prudential Financial.

BESTRUSTEES APPOINTS MICHELLE DARRACOTT AS PROFESSIONAL TRUSTEE

MDarracott picture
Michelle is a highly accomplished award-winning senior business leader with a speciality in Pensions, Investments and Technology. Her most recent executive-level role was as Chief Strategy Officer at Smart Pension, where she was part of the core team responsible for a 2000% increase in the company’s growth and its expansion into four continents.