SRS is proud to be a part of this ground-breaking transaction, alongside all these amazing partners.
We are pleased to announce the launch of our Value Share Bulk Purchase Annuity (“BPA”) proposition by completing a c.£500m transaction with a private Corporate Sponsor and its UK Pension Scheme, insuring c.3,200 pensioner and deferred members. The first of its kind, this structure allows Trustees to insure the Scheme members in exactly the same way as a traditional buy-in transaction while also allowing Corporate Sponsors to participate in the risk and reward generated from insuring their well-funded UK pension schemes. M&G has been working for several years to develop this proposition and expects that this proof of concept transaction will open the door for many more Sponsors to consider this solution as a viable endgame for their UK pension schemes. The Sponsor, Trustee and M&G have been working tirelessly on this ground-breaking transaction and the strong alignment of interest between all parties involved has enabled this successful outcome. You can read the full press release here https://ow.ly/uzya50UeCu2 In the coming weeks we will be sharing more about how our Value Share BPA solution can benefit Schemes and Sponsors.
