Linklaters have advised Rothesay on the deal.
Rothesay’s £230m buy-in with Aberdeen City Council Transport Fund, part of the North East Scotland Pension Fund, secured pensioner liabilities.
There has been only one other buy-in to date involving the Local Government Pension Scheme, so the transaction raised novel questions as a result of the unique structure of that scheme.
The Linklaters team was led by pensions partner Phil Goss (Picture) and included managing associates Alasdair Smith and Simon Borhan and associate Joe Chambers.
Law Firms: Linklaters;
Clients: Rothesay Life PLC;