Hymans Robertson advises on Aegon UK Staff Retirement and Death Benefit Scheme’s £144 million buy-in with Phoenix

Hymans Robertson publishes on its website:

“The Aegon UK Staff Retirement and Death Benefit Scheme (the “Scheme”) has completed a £144 million buy-in with Phoenix. Hymans Robertson acted as lead adviser to the Scheme.

This was the Scheme’s first buy-in as part of a long term de-risking strategy, covering around a quarter of the Scheme’s pensioner liabilities.

Maurice Brunet, Chairman of the Trustee of the Aegon UK Staff Retirement and Death Benefit Scheme, said: “This is a key milestone for the Scheme being the first buy-in as part of our long-term de-risking strategy. It helps to improve long-term security for all of our members by reducing the Scheme’s exposure to future investment and longevity risks.

Hymans Robertson helped the Scheme set an appropriate de-risking strategy and ensured that we had excellent insurer engagement in a crowded bulk annuity market.””

Continue reading by going to the source: Click Here

Source

Receive our alerts newsletter

Related Alerts

No related alerts found.

Latest Alerts

Grow your Institutional Business

Don’t hesitate to contact us if you have any questions.

Herengracht 162
1016 BP Amsterdam
The Netherlands

Email: info@exelerating.com
KvK: 65727746
Btw: NL856234011B01

Privacy Statement

Exelerating

Top