S2 E10 - DB pension schemes as part of corporate M&A transactions

Julian Hobday, Origination & Execution Director, LGRI, Adolfo Aponte, Managing Director, Lincoln Pensions and Tom Lukic, Trustee, Dalriada, discuss what happens when a pension scheme’s corporate sponsor is acquired by another company and the Mergers & Acquisitions (M&A) agreement includes provisions regarding the pension scheme that makes the  sale conditional on the removal of future DB risk. The episode focuses on a recent transaction completed by Legal & General in November 2020, where Lincoln provided strategic advice to the seller.