Macfarlanes has advised long-standing client Legal & General on its cGBP650 million buy-in for the members of the Mitchells & Butlers Executive Pension Plan.
This is the first pension risk transfer transaction for the plan sponsor, London-listed Mitchells & Butlers Plc, a company which operates many of the UK’s restaurants, pubs and bars, including Harvester, Toby Carvery and All Bar One.
The Macfarlanes team was led by insurance partner Andrew Barton alongside senior solicitor Madison Isted.
