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...
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
