Royal London Secures £208 Million Hickson Pension Deal for 1,250 Members
Updated
Updated · Mayer Brown · Jul 30
Royal London Secures £208 Million Hickson Pension Deal for 1,250 Members
2 articles · Updated · Mayer Brown · Jul 30
Summary
£208 million will secure benefits for more than 1,250 members under Royal London’s completed bulk purchase annuity transaction with the Hickson UK Group Pension Scheme.
The BPA shifts scheme liabilities to the insurer, locking in member benefits through a deal completed with the scheme’s trustees.
Royal London said the transaction is its third-largest external BPA deal to date, underscoring continued activity in the UK pension risk-transfer market.
Mayer Brown advised Royal London on the transaction, with partner Tom MacAulay leading the legal team alongside pensions senior associate Henry Corrigan.