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21 Jul 2020

Stephenson Harwood advises on £200 million buy-in transaction

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Law firm Stephenson Harwood LLP has advised a Trustee client on the completion of a £200 million buy-in of pension scheme liabilities with one of the leading insurers in the market.

The transaction ensures that all of the scheme members’ pension benefits will be fully backed by an insurance policy, which will pay an income to cover those benefits. This removes the risk of there being insufficient assets in the scheme to meet future liabilities. The Trustee will be able to choose to ‘buy out’ members’ benefits at a later date, with a policy being issued to each member individually.

The Stephenson Harwood team was led by partner Graham Wrightston and consultant Dan Bowman. The team has been involved with buy-in transactions involving most of the major players in the insurance market during the last 12 months.

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KEY CONTACT

Graham Wrightson

Graham Wrightson
Partner

T:  +44 20 7809 2557 M:  +44 7826 945 534 Email Graham | Vcard Office:  London

Dan Bowman

Dan Bowman
Consultant

T:  +44 20 7809 2556 M:  +44 7824 814 430 Email Dan | Vcard Office:  London

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Rose Russell
Communications and PR executive
T: +44 20 7809 2961
Email Rose