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Burges Salmon guides Honda Group – UK Pension Scheme Trustee through £800m buy-in with L&G

Picture of Richard Knight
By Richard Knight
14 Jul 2025 2 min read

The deal secures the retirement benefits of over 1,700 retirees and over 3,000 deferred members.

The Scheme Trustees, Honda Motor Europe Limited as Sponsor and their advisors set up and worked under a joint working group advised, on the legal side, by Burges Salmon’s Pensions and Lifetime Savings team. Leading on the transaction were partners Richard Knight and Susannah Young.

“It has been an absolute pleasure for us to work alongside the Trustee and all the advisors on this successful buy-in. The collaborative approach adopted by everyone involved in the project ensured that every decision centred around protecting the members’ long-term security. Sue and I are proud to have contributed to this exceptional project, showing our dedication to facilitating transformational deals and solutions for the pensions industry.”

Richard Knight, Burges Salmon

“The security of our members’ benefits has been our highest priority, so this transaction marks an outstanding outcome for all involved. I’d like to thank our advisors for their collaborative work to get the Scheme to this point, extending special thanks to Burges Salmon, whose guidance and expertise were instrumental in ensuring that every aspect of the transaction was meticulously planned and executed.”

Ray Runza, Trustee Chair

Burges Salmon’s Pensions team is highly regarded in the legal industry, advising many of the UK’s trust-based occupational pension schemes and acting on some of the most complex and high-profile cases. The firm’s pensions clients – some of whom it has represented for more than 30 years – span the private and public sectors, large commercial master trusts, not-for-profit organisations as well as religious and educational bodies, and the team continues to build upon its trusted status in the international arena, providing specialist UK legal advice to its international clients and coordinating advice across multiple jurisdictions.

Recognising that innovation in the pensions industry is vital to understanding its ever-changing landscape, the firm has brought to market a number of interactive tools to shape best practice and support clients meet their statutory requirements, including an ESG Pensions toolkit and a UK Pensions for International Companies Triage tool.

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