Case study
Large Irish Financial Institution: a €200m transaction
Pensions & benefits Pension risk transferThis transaction was driven by the Sponsoring Employer who were keen to reduce risk and remove liabilities from the balance sheet. LCP were appointed as lead advisor on the bulk annuity transaction.
The background
This buy out was undertaken to allow the wind up of the Scheme to proceed.
Our solution
LCP were brought in as specialist bulk annuity advisors to ensure the efficient delivery of a buy-out.
The results
Our specialist team delivered the transaction within 3 months of appointment, resulting in significant savings for the Trustee and Sponsoring Employer.