US engineering company secures £103m full buyout

K3 Advisory and Cartwright announce deal for the scheme of firm’s UK operations

Hope William-Smith
clock • 1 min read
US engineering company secures £103m full buyout

An unnamed US-based engineering company with UK operations has secured a £103m full buyout for its pension scheme with Just Group.

The deal was announced today (19 July) by bulk annuity and consolidator advisory firm K3 Advisory and actuary Cartwright. The buyout is the second transaction for the scheme following a pension ...

To continue reading this article...

Join Professional Pensions

  • Unlimited access to real-time news, analysis and opinion from the industry
  • Receive our in-depth monthly magazine in either print or digital format
  • Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
  • Receive important and breaking news stories selected by the Editors in our daily newsletter
  • Hear from industry experts and other forward-thinking leaders
  • Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date

Join now

 

Already a Professional Pensions
member?

Login

More on Risk Reduction

Rathbones schemes complete £100m buy-in with Canada Life

Rathbones schemes complete £100m buy-in with Canada Life

Transaction secures the liabilities for 480 scheme members

Holly Roach
clock 09 May 2024 • 2 min read
John Turner Construction Group completes buy-in with Aviva

John Turner Construction Group completes buy-in with Aviva

Transaction secures the benefits of 18 deferred members and one pensioner

Jasmine Urquhart
clock 09 May 2024 • 2 min read
Just Group surpasses 400 bulk annuity transactions

Just Group surpasses 400 bulk annuity transactions

Group now accounts for one third of all de-risking transactions in the market

Jasmine Urquhart
clock 08 May 2024 • 2 min read
Trustpilot