Home > Alerts > United Kingdom > Aon is lead trustee adviser on £3.8 billion buyout for the Asda Group Pension Scheme with Rothesay Life
18 October 2019
“LONDON, (18 October 2019) – Aon plc (NYSE:AON), a leading global professional services firm providing a broad range of risk, retirement and health solutions, has acted as trustee adviser on the purchase of a £3.8 billion full scheme buyout with Rothesay Life by the Trustee of the Asda Group Pension Scheme.
Through this transaction, the Asda Group Pension Scheme secures the long-term security for the benefits of c.12,300 members. Aon was the lead settlement and actuarial adviser to the Trustee for the transaction, supporting the Trustee in preparing for and structuring the transaction, ensuring members’ benefits were insured in full and acting for the Trustee in all direct engagement and negotiations with the insurance market.”
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