Burges Salmon Advises on swift £4.8m buy-out

Advised by the Burges Salmon Pensions and Lifetime Savings team, the trustee of the A Gomez pension scheme (Apex Pension Trustees) has completed a £4.8m buy-out of its retirement benefits.

With the buy-in having taken place just seven months ago, in July 2024 (also advised by Burges Salmon), the swiftness of the transition to buy-out has been noted by both ProfessionalPensions and EmployeeBenefits. 

The Burges Salmon team advising on the project was led by partner Clive Pugh, who was supported by Kate Granville-Smith (Director) and Callum Duckmanton (Solicitor) - together, they were able to assist the Trustee with achieving the buy-out in a swift and pragmatic manner. 

The swiftness of data diligence undertaken with Burges Salmon and XPS... were vital to a quick and seamless transaction... It shows what can be done if you surround yourself with motivated people and I extend my thanks to all involved at Aviva, XPS and Burges Salmon for a positive experience.” - Nigel Modlinsky, Apex Pension Trustees