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

Join now

 

Already a Professional Pensions
member?

Login

James Phillips
Author spotlight

James Phillips

Professional Pensions journalist from 2016-2022

More on Risk Reduction

L&G set to return PRT capital to shareholders as result of low strain in 2024

L&G set to return PRT capital to shareholders as result of low strain in 2024

Insurer estimated to write £8.4bn of PRT deals in 2024 as part of target of £50-65bn by 2028

Jonathan Stapleton
clock 04 December 2024 • 3 min read
Buy-in and buyout transactions reach record levels in Q3 2024

Buy-in and buyout transactions reach record levels in Q3 2024

Hymans estimates total bulk annuity volumes for the year will be between £40bn and £45bn

Martin Richmond
clock 04 December 2024 • 1 min read
Avimo Pension Scheme agrees £50m full buy-in with Rothesay

Avimo Pension Scheme agrees £50m full buy-in with Rothesay

Full scheme transaction secures the benefits of all 611 members

Holly Roach
clock 04 December 2024 • 2 min read
Trustpilot