GKN scheme completes £513m buy-in with Just

The deal is Just Group’s largest DB de-risking transaction to date

Holly Roach
clock • 2 min read
GKN scheme completes £513m buy-in with Just

The GKN Group Pension Scheme (No. 4) has completed a £513m full scheme buy-in with Just Group, insuring the benefits of 2,262 pensioners and 1,963 deferred members.

The deal - which covers all pensioner and deferred members of the scheme - represents Just Group's largest defined benefit (DB) de-risking transaction to date. Through the transaction, the inves...

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