UK tech firm completes £400m full buy-in with Just Group

Transaction covers 2,500 pensioners and dependants and 1,500 deferred members

Holly Roach
clock • 2 min read
The transaction with Just Group insured the benefits of 4,000 members
Image:

The transaction with Just Group insured the benefits of 4,000 members

The pension scheme of a UK technology and innovation firm has completed a £400m full buy-in deal with Just Group, securing the benefits of 4,000 scheme members.

The transaction - which has entirely removed the investment and longevity risk from the sponsor - covers around 2,500 pensioners and dependants and 1,500 deferred scheme members. Mercer acted as...

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

Charities urged to prepare for DB funding regime

Charities urged to prepare for DB funding regime

DB schemes with valuations after 22 September 2024 should take control of funding and investment strategy

Jasmine Urquhart
clock 13 January 2025 • 1 min read
LCP urges trustees to ask the right questions about buy-in

LCP urges trustees to ask the right questions about buy-in

Consultancy says selecting the correct insurer is ‘more than a box-ticking exercise’

Jasmine Urquhart
clock 10 January 2025 • 1 min read
Utmost Life and Pensions formally announces entry into bulk annuity market

Utmost Life and Pensions formally announces entry into bulk annuity market

Provider confirms entry into the market following completion of £20m buy-in last year

Martin Richmond
clock 09 January 2025 • 2 min read
Trustpilot