Gowling WLG advised longstanding pensions client Rothesay Life on a bulk annuity deal with the Civil Aviation Authority Pension Scheme, worth £1.6bn. At the time of completion, this was the second largest buy in ever secured by a UK pension scheme. It was also the UK’s largest de-risking transaction completed at the time.
Pensions partner Paul Feathers led on the deal, with support from senior associate Stephen Longfellow.
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