The ICI Pension Fund multiple buy-ins
The ICI Pension Fund has executed more than £5 billion in pension risk transfers with Legal & General since 2014. This case study examines how ICI's governance structure and the use of umbrella contracts enables the scheme to respond rapidly to improved affordability.
TRW Automotive buyout
This case study of TRW's groundbreaking £2.5 billion partial buyout in July 2014 explores how the trustees and sponsors brought together a series of initiatives, including liability management exercises and active transition management to deliver cost savings and pricing certainty.