Linklaters has advised the Trustees of the De Beers UK Pension Scheme on an £870m full buy-in with Pension Insurance Corporation plc, a specialist insurer of defined benefit pension schemes. The transaction secures the pensions of 473 deferred members and 1,464 pensioner members of the Scheme, which is sponsored by De Beers UK Limited.
A team made up of Claire Petheram, partner, Alasdair Smith, counsel, and Rebecca Fellas, managing associate, led on the transaction supported by Jack Gillions, managing associate and Joe Chambers, associate.
Linklaters’ pensions practice is one of the UK’s leading pensions teams, consistently recognised by clients and legal directories as top tier. The practice provides high-quality advice and delivers innovative solutions to a diverse range of clients. As a full-service law firm, the team also provide pensions clients with advice which is comprehensive, practical and robust and enables them to navigate through a demanding pensions legal landscape.
