Royal London completes buy-in with the Royal Horticultural Society 1974 Pension Scheme

Royal London has completed a buy-in worth around £22m with the trustees of the Royal Horticultural Society 1974 Pension Scheme. 

The transaction secures the benefits of 230 members. 

The trustees were advised by XPS and Stephenson Harwood.

Beatrice Male, BPA origination lead at Royal London, said: “This buy-in with the Royal Horticultural Society 1974 Pension Scheme brings together two organisations with a strong sense of purpose and hundreds of years of history. 

“That shared perspective was clear from our first engagement with the trustees and helped us deliver a bespoke solution to meet their objectives. 

“We’re proud to have earned their trust and look forward to delivering the high-quality service and stewardship their members deserve for many years to come.”

Ash Williams, partner at XPS, said: “We are pleased to have led the Trustees and the RHS through the transaction, which has resulted in improved security for the members of the Scheme at a competitive price. 

“The Scheme had a number of complexities to consider but the collaborative work of the Trustees, the RHS and the advisory team has led to an excellent outcome with an insurer that puts customer service first, which was one of the key criteria for the Trustees.”