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 appoints Danny Vassiliades as Professional Trustee
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.
BESTrustees and Panasonic complete £140m Bulk Purchase Annuity
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.
