Just Retirement completes buy-in; predicts £80m of business this year

clock

Just Retirement has completed a £36.5m medically underwritten buy-in with a shipping firm and says it is on target to write £80m of bulk annuity business in the year to June.

The deal is believed to be the largest completed so far and the transacting scheme's adviser said a traditional buy-in would have been unaffordable. It represents an increase in activity for the...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Join now

 

Already a Professional Pensions
member?

Login

More on Risk Reduction

Utmost Life and Pensions enters BPA market with £20m buy-in deal

Utmost Life and Pensions enters BPA market with £20m buy-in deal

Utmost’s ‘thoughtful entry’ into the BPA market ensured a ‘streamlined process’

Holly Roach
clock 13 November 2024 • 1 min read
Mechanical and electrical scheme powers £2m full buy-in with Legal & General

Mechanical and electrical scheme powers £2m full buy-in with Legal & General

Bulk annuity transaction secures benefits of 16 pensioners and three deferred members

Martin Richmond
clock 08 November 2024 • 2 min read
FTSE 100 surpluses increased to £65bn in October

FTSE 100 surpluses increased to £65bn in October

LCP’s Pensions Explorer notes impact of Budget on sponsor costs and pension decision-making

Jasmine Urquhart
clock 08 November 2024 • 1 min read
Trustpilot