Case study

Large Irish Financial Institution: a €200m transaction

Pensions & benefits Pension risk transfer

This 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.

“LCP ensured the buyout program was implemented in a very effective and efficient manner. They managed risks effectively and drove the project forward ensuring all parties met the tight timescales which we had set. They provided outstanding consultancy and support to the Company. We would have no hesitation in recommending LCP.”

Company Finance Director