£9m buy-in deal for Lakeland Laboratories scheme

Just Group, K3 Advisory and H&C Consulting worked on the deal

Hope William-Smith
clock • 1 min read
£9m buy-in deal for Lakeland Laboratories scheme

The Lakeland Laboratories Limited 2020 Retirement Benefit Scheme has insured the benefits of 24 deferred and 30 pension members in a bulk annuity advised on by K3 Advisory.

The £9m buy-in was completed in the second half of 2021 with Just Group and was announced today (1 March) by K3 Advisory who worked on the process with the scheme's actuary and administrator H&C Co...

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

More on Risk Reduction

Manufacturing sector scheme secures £11m buy-in deal with Just Group

Manufacturing sector scheme secures £11m buy-in deal with Just Group

Transaction secures the benefits of 87 members of the scheme

Holly Roach
clock 03 September 2026 • 1 min read
Samworth Brothers scheme secures £400m buy-in with Canada Life

Samworth Brothers scheme secures £400m buy-in with Canada Life

Transaction secures the benefits of over 7,000 scheme members

Holly Roach
clock 02 September 2026 • 3 min read
Clara agrees second small schemes superfund deal with £40m pension fund

Clara agrees second small schemes superfund deal with £40m pension fund

Transaction will see more than 400 members join the Clara Pension Trust

Jonathan Stapleton
clock 02 September 2026 • 2 min read
Trustpilot