Marie Curie completes £30 million bulk annuity transaction

Marie Curie completes £30 bulk annuity transaction

Marie Curie has completed a £30 million bulk annuity pensions transaction with Legal and General Assurance Society.

The transaction agreed in January 2021 secures the benefits of more than 300 retries and deferred pensioners.

Aon advised the trustees on the transaction, while Capita supported them as administrators of the scheme. Legal advice was provided to the trustees by Eversheds Sutherland and Sacker and Partners and to Legal and General by Clifford Chance.

William Medlicott, chair of trustees of the scheme, said: “We are very pleased to have secured the benefits of our members with Legal and General. The Scheme has worked with them over many years and we have found them to be an excellent partner.”