Quantum Advisory is pleased to announce the completion of a £6.5m buy-in transaction with Legal & General for a Defined Benefit Scheme with 17 members.
Legal advice was provided to the Trustees by Mills & Reeve and Quantum Advisory acted as the broker for the buy-in transaction as well as providing administration, actuarial and investment consultancy to the Trustees.
Darren Wateridge, Senior Consultant and Actuary at Quantum Advisory commented
“It has very much been a pleasure working with the Trustees, Mills & Reeve and Legal & General to secure the buy-in policy for this scheme”.
Fiona Jaffray, Pricing and Strategy Actuary at Legal & General commented
“Our streamlined approach for smaller schemes, including novation of the scheme’s LGIM assets as premium payment, coupled with the straightforward and collaborative process run by Quantum Advisory led to the smooth and highly efficient completion of the transaction. We’re pleased to have supported the Trustees and its advisers in securing the benefits of the scheme’s members.”
About Quantum Advisory’s risk transfer team
At Quantum we have a dedicated team specialising in risk transfer projects, from liability management exercises to master trusts, buy-ins, buy-outs and the potential use of consolidators. Our experience has been built up over many years and there are few issues we have not collectively encountered and overcome. Our team has been selected from across the business and includes senior and experienced actuarial and investment consultants, data specialists, project managers and DC experts.
Established in 2000, Quantum Advisory LLP is an independent, owner-managed actuarial and employee benefits consultancy that provides straight-talking, no-nonsense advice to employers and pension scheme trustees. We design, maintain and review pension schemes and related employee benefits so that they operate efficiently and effectively. We also help communicate these benefits in a straightforward way so that employees understand their real value.