Press release
LCP comments on two landmark de-risking deals
Pensions & benefits Pension risk transfer Risk
Legal & General have today announced a buy-in with Boots Pension Scheme and Rothesay have announced a buy-in with Co-operative group's Pension Scheme. This equates to a combined £8.8 billion of pension liabilities.
Charlie Finch, partner at LCP, commented : “2023 has truly been a year of tumbling records. With RSA’s pension schemes completing a £6.5bn buy-in in February, the British Steel Scheme completing its £7.5bn buy-in journey in May, and now the £4bn+ Boots and Co-Op transactions announced today, 2023 has truly met its potential – with over £35bn of publicly disclosed transactions already and 8 transactions of over £1bn.”