London – Mayer Brown has advised The Royal London Mutual Insurance Society Limited on the successful completion of a £44 million bulk purchase annuity transaction with the Trustees of the Milliken Industrials Limited Pension Plan. Royal London is the UK's largest mutual life, pensions and investment provider and the transaction was the first bulk purchase annuity transaction on which Mayer Brown has supported the Royal London team. The transaction was completed in a short and efficient timeframe and involved close collaboration with the excellent legal and business team members at Royal London.
The Mayer Brown team was led by Tom MacAulay, partner in the Global Insurance Industry Group, who was supported by Pensions partner Andrew Block and Pensions senior associate Henry Corrigan.