We are delighted to announce that we have completed a £125 buy-in insuring all the members of the MPS Pension Scheme (the “Scheme”). The Scheme is sponsored by The Medical Protection Society Limited (the “Company”), the world’s leading member-owned, not-for-profit protection organisation for doctors, dentists and healthcare professionals.
The buy-in secures the benefits of all 618 members of the Scheme comprising 174 pensioners and dependants, and 444 deferred members. This was the Scheme’s first transaction and no contribution from the Company was needed, with the Scheme being in surplus.
Katie Overton, Business Development at Rothesay, said: “We are pleased to secure the future for the Scheme’s over 600 members. In a very buoyant market, this was a well-prepared scheme which supported the quick and efficient execution of this de-risking transaction. Following a busy first quarter this year, Rothesay continues to see very strong momentum in the pension risk transfer market with an unprecedented pipeline of new business. Our substantial capital resources and proven execution capabilities mean we are very well-placed to capitalise on the significant opportunities we are seeing.”
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