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INSIGHTS: March 2026
BESTrustees response to the DWP consultation
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’ response is in the context of our experience as a firm of professional trustees providing pure trusteeship and governance. We are an independent, employee-owned company with no other services or products to cross-sell, unlike some of our competitors. Our commercial drivers do not require us to add other service lines and we don’t need to provide dividends to meet external shareholders’ requirements. In our model, the distinction between impartial trusteeship and independent advice can …
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NEWS: February 2026
BESTrustees and the Deloitte UK DB pension scheme completes £700m Bulk Purchase Annuity
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 transaction completed in January 2026 and is to be followed by an accelerated move to full buyout by April 2026. As part of the transaction, Standard Life will equalise Guaranteed Minimum Pensions (GMP) on behalf of the Scheme following buyout. This will involve Standard Life taking on additional responsibilities compared to a typical transaction, undertaking both the …
NEWS: January 2026
BESTrustees and PIC complete £213 million full buy-in for Siemens Healthineers Benefits 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.
