![]() ![]() We are delighted to welcome the Commonwealth Bank of Australia’s scheme members to Legal & General as we support the Scheme in providing further certainty to them. “It was a great pleasure to work with the Trustee, the Sponsor and their advisers on this transaction, after a longstanding investment management relationship. It is a testament to the expertise of our specialist advisers that we were able to achieve this excellent outcome.”ĭominic Moret, Head of Origination and Execution, Legal & General Retirement Institutional “We are very pleased to have insured the pension benefits for all members of the defined benefit section of the Scheme, achieving our goal of providing members with long-term certainty. Peter Thompson, Capital Cranfield Pension Trustees Limited The pandemic has led to a slightly quieter start to the year which has provided attractive opportunities for our clients with eight transactions over £100m completed so far this year.” In our role as specialist de-risking adviser, we helped the Trustee design an investment strategy that protected the Scheme against market movements alongside an effective plan for approaching the market which secured full benefits within the assets of the Scheme. “We are delighted to have helped the Trustee achieve its objective of insuring the risks for all members in the Scheme. The combined banks will service customers through 79 branches with. It has over 1.3 billion in Bank assets and manages 2.6 billion in wealth management and Trust assets. Acquisition signifies proactive investment in community banking. Setup account alert notifications via email or text message. Transfer funds to accounts at other financial institutions. Transfer funds between CommonWealth accounts. They were advised in the transaction by LCP, acting as specialist de-risking adviser, with CMS providing legal advice to the Trustee, and Mercer acting as administrator and Scheme Actuary. Commonwealth Bank & Trust to become part of Stock Yards Bank & Trust. Features of Online & Mobile Banking: Check account balances, verify deposits, and review transactions. The Scheme’s sole Trustee is Capital Cranfield Pension Trustees Limited. It represents a significant step on its planned de-risking journey. This transaction covers all of the Scheme’s defined benefit members (approximately 440 non-retired members and 740 retirees). LCP was lead advisor to the Commonwealth Bank of Australia (UK) Staff Benefits Scheme (“the Scheme”) on their c.£420m full scheme buy-in with Legal & General Assurance Society Ltd (“LGAS”). ![]() £420 million full scheme buy-in of the Commonwealth Bank of Australia scheme with Legal & General ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |