Work highlights
Macfarlanes advises Fnac Darty on £330m buy-in with Canada Life UK
|
1 minute read
Macfarlanes has advised European retailer Fnac Darty in relation to the £330m buy-in of the Comet Pension Scheme with insurance company Canada Life UK.
The transaction secures the long-term benefits of all c.4,500 pension scheme members by transferring the financial risk associated with future pension payments to a highly rated insurer. It represents a major de-risking milestone for Fnac Darty, providing greater cost certainty and strengthening the long-term financial position of the business.
The Macfarlanes team was led by Pensions Partner Faye Jarvis alongside Senior Counsel Paul Lawrence.
Authors
Related topics
Like what you are reading?
Stay up to date with our latest insights, events and updates – direct to your inbox.
How can we help you?
Browse our people by name, team or area of focus to find the expert that you need.