Barloworld scheme and Just complete £484m buy-in deal

The full scheme buy-in insures the benefits of 4,800 pensioner and deferred members

Holly Roach
clock • 1 min read
Barloworld scheme and Just complete £484m buy-in deal

The trustee of the Barloworld UK Pension Scheme has completed a £484m full scheme buy-in with Just Group, insuring the benefits of 4,800 members.

The bulk annuity transaction is pensioner heavy, insuring the benefits for 3,000 retired members and 1,800 deferred members. The transaction - Just Group's largest defined benefit (DB) transacti...

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

BPA market to remain 'very busy' with volumes expected to exceed £40bn in 2025

BPA market to remain 'very busy' with volumes expected to exceed £40bn in 2025

Aon says market remains buoyant with vast number of deals completed and strong insurer capacity

Holly Roach
clock 19 August 2025 • 1 min read
Brother Staff Retirement Benefits Scheme secures £56m buy-in with Just Group

Brother Staff Retirement Benefits Scheme secures £56m buy-in with Just Group

Transaction secures the benefits of all 679 scheme members

Holly Roach
clock 18 August 2025 • 3 min read
Misys Retirement Benefits Plan secures £25m buy-in with L&G

Misys Retirement Benefits Plan secures £25m buy-in with L&G

The transaction secures the benefits of 190 scheme members

Holly Roach
clock 14 August 2025 • 2 min read
Trustpilot