We were delighted to see Rich Ingham, Phil Williams and Duncan Willsher recently assist Royal London with the successful completion of a £30 million full scheme buy-in for The Retreat York Pension Scheme. Working alongside K3 Advisory, First Actuarial and Wrigleys Solicitors; the transaction was a market first for Royal London, a new entrant to the bulk annuity market, helping secure the benefits of all the not-for-profit organisation’s 310 scheme members.

Acting as the scheme’s sole trustee, Duncan said:

“As trustee, we are very proud to have been able to complete this deal. The extra security we have achieved for scheme members is a real positive, and something which has been a goal of the trustee board and The Retreat for a while now. Helping Royal London achieve their first external transaction is an added bonus, and we are thankful to their team and K3 Advisory for their support through the process. In particular, their ability to move quickly to secure the best pricing was really what made this deal possible, as well as dovetailing our sole trustee approach, allowing for efficient decision making.”

Please click here to read the full press release.

For more information on this deal, please speak to Duncan Willsher or one of our Endgame Solutions team.