BUT scheme completes £40m buy-in with Just

Transaction fully insures the benefits for 149 deferred members and 111 pensioners

Martin Richmond
clock • 1 min read
BUT scheme completes £40m buy-in with Just

The BUT Retirement Benefits Scheme has completed a £40m buy-in with Just Group.

The bulk annuity transaction for the scheme has fully secured the benefits for all scheme members, including 149 deferred members and 111 pensioners. Buck served as lead transaction adviser, whi...

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

Most schemes looking to fixed-income endgame solutions

Most schemes looking to fixed-income endgame solutions

Larger schemes prefer low dependency, while one in five consider employer surplus return

Jasmine Urquhart
clock 04 March 2024 • 2 min read
Greenhous Group scheme completes £19m buy-in with Just Group

Greenhous Group scheme completes £19m buy-in with Just Group

Transaction secures the benefits for 32 pensioners and 213 deferred members

Martin Richmond
clock 04 March 2024 • 2 min read
PPF publishes public sector consolidator design document

PPF publishes public sector consolidator design document

PSC will allow entry to schemes in deficit and be legally separate from other PPF funds

Jonathan Stapleton
clock 01 March 2024 • 4 min read
Trustpilot