Just and Stantec Pension Plan complete buy-in deal

The full buy-in transaction was signed in December for an undisclosed sum

Holly Roach
clock • 2 min read
The trustees were advised by Broadstone Consultants & Actuaries and DLA Piper
Image:

The trustees were advised by Broadstone Consultants & Actuaries and DLA Piper

Just Group has completed a transaction with the Stantec Pension Plan UK to purchase a bulk annuity contract for a section of its defined benefit scheme.

The transaction - agreed in December 2021 for an undisclosed sum - secures the benefits for 640 deferred and pensioner members of the ‘treatment section' of the plan. Just Group plans to work wi...

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

Holly Roach
Author spotlight

Holly Roach

News Editor at Professional Pensions

View profile
More from Holly Roach

Pensions Investment Review 'genuinely radical'

Pensions minister: Mansion House Compact does not go far enough

More on Risk Reduction

Schemes urged to 'tackle the tough questions' when deciding endgame strategy
Risk Reduction

Schemes urged to 'tackle the tough questions' when deciding endgame strategy

LCP urges stakeholders to ‘grasp the nettle’ to avoid ‘sleepwalking’ into endgame strategy

Jonathan Stapleton
Jonathan Stapleton
clock 19 November 2024 • 2 min read
Walkers Shortbread scheme bakes up £34m buy-in deal with L&G
Risk Reduction

Walkers Shortbread scheme bakes up £34m buy-in deal with L&G

Transaction secures the benefits of 161 retirees and 238 deferred members

Holly Roach
Holly Roach
clock 14 November 2024 • 2 min read
UPDATE: Brookfield enters into first UK reinsurance deal as G4S scheme secures £1.8bn full buy-in with Just Group
Risk Reduction

UPDATE: Brookfield enters into first UK reinsurance deal as G4S scheme secures £1.8bn full buy-in with Just Group

Insurer’s largest risk reduction deal to date secures benefits for around 22,500 members

Martin Richmond
Martin Richmond
clock 14 November 2024 • 4 min read
Trustpilot