Busy Time for Insurance Transactions
During July Professional Pensions has reported on three buy-in transactions secured by trustee boards chaired by Capital Cranfield trustees.
The largest of these was a £1.3bn pensioner buy-in with PIC. Joanna Matthews who represents us chair commented
“We are delighted to have completed this transaction, notable for its speed and efficiency. This is a great result for all members of the scheme, reducing overall levels of risk.”
The full story can be found on the Professional Pensions website by clicking here
Joanna also chaired the Civil Aviation Authority scheme through a £60m buy-in as part of a phased approach to full buy-out, while Philip Whittome chaired the Institute of Engineering and Technology scheme through a £50m buy-in again with PIC.