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BESTrustees client Scottish Milk completes £42m full scheme buy-in30/08/2024
The Scottish Milk Limited Retirement Benefits Plan, chaired by Zahir Fazal of BESTrustees, has completed a £42 million full-scheme buy-in with Just Group. Scheme sponsor First Milk is a British farmer-owned dairy co-operative and the transaction secures the benefits of all 452 members. BESTrustees, who have chaired the scheme since 2016, were joined in the project by PwC as lead pension risk transfer adviser whilst Mercer provided actuarial and investment advice to the Trustees, EY provided covenant advice to the Trustees. The Trustees’ legal advice was provided to the Trustees by Burness Paull, the Sponsor’s by Brodies, and Just Group’s by …
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BESTrustees promotes Bob Hymas to the board03/07/2024
Bob Hymas joins the board of BESTrustees. He joined BESTrustees in 2016 after several years as Chief Financial Officer at a multi-billion-pound pension scheme and has almost 30 years’ experience working with pension schemes.
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BESTrustees supports the Menzies Pension Fund with £260m buy-in transaction02/07/2024
BESTrustees has supported its client the Menzies Pension Fund during its £260 million buy-in transaction with Just Group.
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Why Independence Matters in Pensions28/06/2024
There are real concerns in the wider industry about the consolidation in the number of independent trustee firms, especially where those firms deliver many different governance and scheme services to a scheme without appropriate checks and balances.
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Mike Smaje Joins Asset TV’s Pensions Fund Forum27/06/2024
Their ‘Search for Growth’ strand discussed the outlook for markets, trends for delegated investment portfolios and current opportunities for growth-seeking portfolios.
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Keith Burgess joins as latest professional trustee recruit21/05/2024
BESTrustees has announced that it has recruited its fourth new professional trustee in the last 12 months. Keith Burgess, a lawyer with over 30 years’ experience, joined the firm on 18 March.
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BESTrustees announces new Professional Trustee recruit, Miki Fairfax04/12/2023
BESTrustees is delighted to announce that the recruitment of Miki Fairfax as a professional trustee. Miki joined the firm on 1 December.
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BESTrustees supports London Stock Exchange Group with £335 million bulk purchase annuity10/10/2023
The BPA covers 1,740 members from both sections of the London Stock Exchange Group Pension Scheme. The transaction completed in May 2023.
