ROCKWOOL Limited Pension Scheme has completed a £53 million full scheme bulk purchase annuity buy-in transaction with Royal London.
The transaction was led by Isio, which provided brokering, actuarial, administration and investment advice, and Eversheds, which provided legal advice.
“This transaction demonstrates what can be achieved through effective collaboration. It’s reassuring to see a secure outcome delivered for our members, thanks to the combined efforts of Isio, ROCKWOOL Ltd, Royal London, and Eversheds. The dedication from all parties ensured a smooth and efficient outcome for the scheme,” said Amanda Asante, Professional Trustee at IGG.
“We’re delighted to be entrusted with taking excellent care of the trustee’s members for many years into the future. The expertise from Isio and the close collaboration from all parties involved ensured a seamless process. This buy-in demonstrates the power of partnering with a mutual brand with a long-term focus, the outcome being a smooth execution and member-focused results,” said Beatrice Male, BPA Origination Lead at Royal London.
“We are proud to have supported the trustee with this transaction. This buy-in reflects the power of teamwork and expertise. Securing the best possible outcome for members is always our primary goal. Working closely with Royal London and Eversheds enabled us to deliver exactly that,” added Laura Parker, Senior Manager at Isio.