We were delighted to read a terrific article from our friends at Muse Advisory on why independence matters in Pensions. We couldn’t agree more.
There are real concerns in the wider industry about the consolidation in the number of independent trustee firms, especially where those firms deliver many different governance and scheme services to a scheme without appropriate checks and balances. Inevitably, there will be conflicts of interest and a lack of diversity of thought and opinion. BESTrustees is 100% owned by its employees in a way that protects us from acquisition and frees us from third-party commercial influence.
Read the whole article on the Muse Advisory website by clicking here.
Latest Insights
BESTrustees leads successful buy-in transaction for the Carr’s Group Pension Scheme
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 …
BESTrustees and LCP complete c.£50m full buy-in for the Low & Bonar Group Retirement Benefits Scheme
The Trustee of the Low & Bonar Group Retirement Benefits Scheme, chaired by Hugh Creasy of BESTrustees, and Just Group plc, have completed a c.£50m full buy-in of all remaining uninsured members of the Low & Bonar GRBS. This marked the final step on the Scheme’s derisking journey. LCP acted as lead transaction adviser using its streamlined buy-in and buy-out service. The Scheme already held two existing pensioner buy-in policies, the first of which was secured with JUST back in 2015. LCP used its streamlined buy-in and buy-out service and the previous pensioner buy-ins were also completed through this service, …
