Pension matters

The Law Society of Scotland's final salary pension scheme has been closed to new members and future accrual for many years.

On 8 May 2025, the trustees of The Law Society of Scotland Staff Retirement Benefits Scheme entered a buy-in arrangement with an insurance provider. Under this arrangement, the scheme acquired a bulk annuity policy to insure pension liabilities of its members. The transaction forms part of the trustees’ de-risking strategy and is expected to significantly reduce the Group’s exposure to longevity, interest rate and inflation risks associated with those liabilities. The scheme remains in its current form for now, and there is no change to member benefits or the way they are paid.

If you are a scheme member and have questions, please contact David Cullen, Chair to the Board of Trustees to the scheme at davidcullen@davidcullenconsulting.onmicrosoft.com