Slaughter and May advised Legal & General on the £505 million buy-in with the Inchcape Motors Pension Scheme

Slaughter and May advised Legal & General Assurance Society Limited (“Legal & General”) on its £505 million buy-in with the Inchcape Motors Pension Scheme (“the Scheme”).

The buy-in secures the benefits of 2,295 retirees and 5,890 deferred members.

Throughout the course of the transaction, Slaughter and May worked closely with Legal & General’s Legal and Business teams.