John Laing Pension Fund’s Buy-In With Aviva Life & Pensions UK Limited

Linklaters has advised the Trustee of the John Laing Pension Fund.

Under the terms of the contract, the Trustee paid an initial premium of £320m, with Aviva Life & Pensions UK Limited assuming responsibility for paying the benefits of a tranche of the Fund’s pensioner population and their dependents.

Aviva Life & Pensions UK Limited operates as an insurance company. The Company provides life, retirement, and investment products and services.

The Linklaters team was led by pensions partner Claire Petheram (Picture) with managing associate Marcus Kealey and counsel Alasdair Smith. The team also included partners Lorna Tennent (Mainstream Corporate), Jean Lovett (Employment), counsel Jamie Coomber (Tax) and associate David Liao (TMT/IP).

Involved fees earner: Jamie Coomber – Linklaters; Marcus Kealey – Linklaters; David Liao – Linklaters; Jean Lovett – Linklaters; Claire Petheram – Linklaters; Alasdair Smith – Linklaters; Lorna Tennent – Linklaters;

Law Firms: Linklaters;

Clients: Trustee of the John Laing Pension Fund;

Author: Federica Tiefenthaler