Arc Guides £17M L&G Pension Deal For Shipping Co.

Law360, London (June 10, 2021, 3:50 PM BST) -- A British shipping company has insured £17 million ($24 million) of its pension liabilities under a deal with Legal & General Assurance Society Ltd., the insurer said Thursday.

The deal will see the workplace pension scheme of John Good & Sons Ltd. insured against the risk its 80 members live longer than expected. The trustee was advised by Arc Pensions Law.

Advisers involved in the deal said that by carrying out significant preparation beforehand, Yorkshire-based John Good was able to react quickly to sudden market changes and get lower prices for the insurance.

"This is a great example of a scheme...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS

Related Sections

Companies

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!