NEWS   |    June 10, 2021

Arc Pensions Law advises trustee in Legal & General c£17m bulk annuity with John Good & Sons Limited Pension Scheme

Legal & General Assurance Society Limited (“Legal & General”) today announces that it has agreed a c.£17 million full scheme buy-in transaction with John Good & Sons Limited Pension Scheme (“the Scheme”), covering the benefits for over 80 pension scheme members.

The Scheme is an existing Legal & General client, with the Trustee having appointed Legal & General Investment Management (“LGIM”) as its fund manager in 2003.

The Trustee was advised on the transaction by XPS Pensions Group, with legal advice provided by Arc Pensions Law Partner Jane Kola and Legal Director Max Ballad.

For more information on this deal, please click here.

The views in this article are intended for general information purposes only and should not be used as a substitute for professional advice. Arc Pensions Law and the author(s) are not responsible for any direct or indirect result arising from any reliance placed on content, including any loss, and exclude liability to the full extent. Always seek appropriate legal advice from a suitably qualified lawyer before taking, or avoiding taking, any action. If you have any questions on the points raised in the above, please do not hesitate to get in touch.

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