Leonardo Electronics completes £160m buy-in with Just

James Phillips
clock • 1 min read

The Leonardo Electronic Pension Scheme has concluded a £160m pensioner buy-in with Just Group in the scheme’s first risk transfer exercise.

The aerospace, defence and security company's £1bn pension scheme insured the benefits of all 1,253 pensioners in its electronics, defence and security systems division with non-trivial annual pens...

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

Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here

Join now

 

Already a Professional Pensions
member?

Login

James Phillips
Author spotlight

James Phillips

Professional Pensions journalist from 2016-2022

More on Risk Reduction

ReAssure Staff Pension Scheme completes £260m buy-in with Standard Life

ReAssure Staff Pension Scheme completes £260m buy-in with Standard Life

Deal follows Phoenix Group’s acquisition of ReAssure in 2020

Jonathan Stapleton
clock 23 July 2026 • 2 min read
HSBC Bank-sponsored scheme completes £10m buy-in with Royal London

HSBC Bank-sponsored scheme completes £10m buy-in with Royal London

BPA transaction completed with support of sponsor to secure members’ benefits over the long-term

Martin Richmond
clock 22 July 2026 • 2 min read
Smiths Industries scheme completes £760m buy-in with M&G

Smiths Industries scheme completes £760m buy-in with M&G

BPA transaction secures the benefits of over 10,000 members of the scheme

Martin Richmond
clock 21 July 2026 • 2 min read
Trustpilot