Slaughter and May along with Mayer Brown advised on the £4.6 Billion Ford Pension Scheme Buy-ins. This is the largest Pension Risk Transfer deal announced in the UK in 2025.
Slaughter and May advised Legal & General Assurance Society Limited (“Legal & General”) on two buy-ins totalling £4.6 billion with pension schemes sponsored by Ford Motor Company Limited. The buy-ins were completed as one combined transaction with the trustees of the Ford Hourly Paid Contributory Pension Fund and the Ford Salaried Contributory Pension Fund, which secures the benefits of over 35,000 members across the Funds. Slaughter and May worked closely with Legal & General’s Legal and Business teams.
The team for Corporate/Insurance aspects included Partner Thomas Peacock and Associates Adam Sriskandan, David Meiklejohn. Partner Chris Sharpe, Associates Rachel Hunter and James Smith from Pensions.
Mayer Brown has advised the Trustees of the Ford Hourly Paid Contributory Pension Fund and the Ford Salaried Contributory Pension Fund on two buy-ins totalling £4.6 billion, in a combined transaction. In total, the benefits of over 35,000 retirees were secured. Mayer Brown was lead legal advisor, working closely with Aon, the lead transaction consultants.
The Mayer Brown team was led by Partner Tom MacAulay, in Global Insurance Industry Group. It also included Pensions Group Senior Associate Henry Corrigan, Pensions Group Partner Andrew Block (who is the relationship Partner for both Funds) and Senior Associate Josephine Wong, in the Global Insurance Industry Group.
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