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

Harwich Haven Authority scheme completes £45m buy-in with Royal London

Harwich Haven Authority scheme completes £45m buy-in with Royal London

Transaction secures the benefits of 125 pensioners and dependants and 45 deferred members

Holly Roach
clock 06 February 2026 • 2 min read
Bibby Line Group secures £55m buy-in with PIC

Bibby Line Group secures £55m buy-in with PIC

Transaction secures the benefits of 667 scheme members

Holly Roach
clock 04 February 2026 • 2 min read
How should schemes be approaching bulk annuity processes in 2026

How should schemes be approaching bulk annuity processes in 2026

Looking at emerging trends in the pension risk transfer market

Jonathan Stapleton
clock 04 February 2026 • 26 min read
Trustpilot