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, represented BESTrustees as Chair of the Trustee.
“This transaction provides greater certainty for our members and reduces the risks in the Scheme. We appreciate the support from the sponsor throughout the Scheme’s journey as well as the guidance from our advisers in taking this next step on our de-risking journey, and helping us achieve our long-term goal of being fully insured.”
Catherine Redmond
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