US engineering company secures £103m full buyout

K3 Advisory and Cartwright announce deal for the scheme of firm’s UK operations

Hope William-Smith
clock • 1 min read
US engineering company secures £103m full buyout

An unnamed US-based engineering company with UK operations has secured a £103m full buyout for its pension scheme with Just Group.

The deal was announced today (19 July) by bulk annuity and consolidator advisory firm K3 Advisory and actuary Cartwright. The buyout is the second transaction for the scheme following a pension ...

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

2025 to be record year for risk transfer market, says Hymans Robertson

2025 to be record year for risk transfer market, says Hymans Robertson

Consultancy says total market volumes of £40bn a year likely to become the ‘new norm’

Martin Richmond
clock 26 February 2025 • 4 min read
Scheme of UK asset manager secures £111m BPA deal with M&G

Scheme of UK asset manager secures £111m BPA deal with M&G

Insurer has signed a £111m BPA deal with an unnamed pension scheme

Holly Roach
clock 25 February 2025 • 2 min read
Boys' Brigade scheme secures £4.5m buy-in with Just Group

Boys' Brigade scheme secures £4.5m buy-in with Just Group

Full scheme transaction secures the benefits of 15 deferred members and 34 pensioners

Holly Roach
clock 24 February 2025 • 2 min read
Trustpilot