The Trustees of the Carr’s Group Pension Scheme, chaired by Rachel Tranter of BESTrustees, have completed a c.£44m buy-in transaction with Aviva to cover 216 pensioner and 56 deferred members of the Scheme. Mercer acted as lead transaction adviser using its streamlined broking process.
“I am delighted to have guided the trustees through the transaction process to achieve a successful outcome which further increases the security of our members’ benefits. This transaction was very much a collaborative teamworking effort involving the trustees, the Company (Carr’s Group plc), the insurer and our professional advisers all carrying out important roles throughout the process.”
Rachel Tranter, BESTrustees, Chair of Trustees“Congratulations to the trustees for securing such a positive outcome for their members. Close collaboration among all the parties helped smooth the way to a successful transaction.”
John Fothergill, Senior Deal Manager, Aviva
Latest News
BESTrustees completes £34.8m buy-in with PIC for the Royal Institute of British Architects 1974 Staff Pension Scheme
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 responds to the Pensions Regulator’s corporate strategy consultation
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.
