The deal is Just Group’s largest DB de-risking transaction to date
L&G forecasts market demand could reach £200bn over the next few years
Deal is largest ever transaction from pension schemes to insurer
The deal secures the benefits of over 150 pensioner and deferred members
The transaction was completed with the Amey Services section of the Citrus DB master trust
Transaction secures the benefits of 8,800 members
£250m deal means PIC has now insured all £4.1bn of the BAT scheme’s liabilities
Transaction secures the benefits for 1,378 members
The deal secures the benefits of the scheme’s remaining 82 uninsured members
Transaction secures the benefits of more than 8,000 members