News

BESTrustees client, the Royal Institute of British Architects 1974 Staff Pension Scheme has completed a £34.8m buy-in with Pension Insurance Corporation plc (PIC), a specialist insurer of defined benefit pension funds.

BESTrustees, one of the longest established professional pension trustee companies operating in the UK, is pleased to respond to the Pensions Regulator’s corporate strategy consultation.

In a new paper from BESTrustees, professional trustee Paul Brice looks at CDC schemes, a developing area of the pensions landscape that many commentators believe may fill a gap between the decline of open DB schemes and prospective pensions inadequacy issues with individual DC or personal pension arrangements.

BESTrustees has announced the recruitment of Danny Vassiliades as a professional trustee. Danny joined BESTrustees on 1 May, after a long career as an actuary and strategic adviser to the UK pensions industry.

Our client, the Panasonic UK Pension Plan, has completed a £140 million bulk purchase annuity (BPA) with M&G, securing the pension benefits of around 650 scheme members.

We are delighted to have had the opportunity to respond to the Department for Work and Pensions’ consultation regarding trust-based pension scheme trusteeship and governance.

BESTrustees client, the Deloitte UK pension scheme (DUKPS) section of the Pensions Master Plan, has concluded a £700 million Bulk Purchase Annuity (BPA) transaction with Standard Life, securing the benefits of all pensioner and deferred members of the legacy defined benefit scheme.

The Trustees of the Siemens Healthineers Benefits Scheme has concluded a £213 million full buy-in with PIC, securing the benefits of 703 pensioners and 967 deferred members and dependants. BESTrustees acts as independent Chair of Trustees of the Scheme.