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Magic circle trio dealt lucky hand with Goldman pensions purchase
2008-03-13 03:28 UTC by Charlotte Edmond, contributor

Three magic circle firms have taken lead roles advising on Goldman Sachs' purchase of the Rank Group's pension scheme - the UK's biggest ever pensions liability transfer to date.Allen & Overy (A&O) took the main role for Goldman, advising as its recently-formed subsidiary Rothesay Life purchased the assets and liabilities of the Rank Group pension scheme. The deal is thought to be the largest transfer of pension liabilities in the UK so far, with the Rank scheme assets valued at around £700m.

     

 

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