Linklaters advised the trustee of the One Stop Stores Pension Scheme on a bulk transfer of assets to the Legal & General Mastertrust.
The transaction completed in the last quarter of 2020.
The transaction is set to improve the retirement outcomes of many present and former One Stop employees, who will benefit from the economies of scale that a Master Trust can offer. It reflects a growing trend in the pensions industry for employers and trustees of defined contribution occupational pension schemes to consider using Master Trusts as their preferred retirement savings vehicle for employees and scheme members.
The Linklaters team was led by pensions partner, Rosalind Knowles (Picture) and included managing associates Alan Cadman and Gareth Craft.
Law Firms: Linklaters;
Clients: One Stop Stores Trustee Services Limited;