We acted as pension counsel to one of two pension plans that entered into a novel $530 million buy-in annuity transaction where longevity and inflation risk were transferred to the insurer. This was the largest transaction of its kind in Canadian history. We have also advised on umbrella buy-out annuity contracts and the governance aspects of de-risking initiatives.
We work hand-in-hand with our clients’ actuarial consultants and in-house counsel to supplement the consultant’s de-risking expertise with our legal insight, providing seamless advice to our clients.