Aon publishes on its website:
” Aon, the leading global professional services firm providing a broad range of risk, retirement and health solutions, has advised the Trustee of the Reuters Pension Fund and Thomson Reuters on a £625 million full pensioner buy-in for the Reuters Pension Fund with Canada Life. The transaction, the largest so far by Canada Life, is the first in a framework of buy-in transactions for the scheme and covers the majority of pensioner liabilities in the £2.2 billion fund.
Aon advised the scheme throughout the transaction which was completed by Aon’s market-leading Compass platform. This enabled the scheme to move quickly at a time when pricing was attractive and, given the significant economic benefit, allowed it to complete a larger transaction than originally envisaged. Sackers provided legal advice throughout the process, while Redington advised on the investment implications.”
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