GKN scheme completes £513m buy-in with Just

The deal is Just Group’s largest DB de-risking transaction to date

Holly Roach
clock • 2 min read
GKN scheme completes £513m buy-in with Just

The GKN Group Pension Scheme (No. 4) has completed a £513m full scheme buy-in with Just Group, insuring the benefits of 2,262 pensioners and 1,963 deferred members.

The deal - which covers all pensioner and deferred members of the scheme - represents Just Group's largest defined benefit (DB) de-risking transaction to date. Through the transaction, the inves...

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

Rockwool scheme completes £53m full buy-in with Royal London

Rockwool scheme completes £53m full buy-in with Royal London

Transaction fully secures the benefits for all of the scheme’s members

Martin Richmond
clock 24 January 2025 • 2 min read
Net-zero goals must not be forgotten during endgame journeys, Hymans warns

Net-zero goals must not be forgotten during endgame journeys, Hymans warns

Consultancy says net-zero goals should still be considered to maintain flexibility and choice

Jasmine Urquhart
clock 23 January 2025 • 1 min read
Dean Wetton Advisory launches risk transfer, bulk annuity and consolidator service

Dean Wetton Advisory launches risk transfer, bulk annuity and consolidator service

Consultancy says service will focus on what benefits clients over insurer requirements

Jonathan Stapleton
clock 23 January 2025 • 1 min read
Trustpilot