Electrical Safety Council completes £66m full buy-in with Just Group

Deal with the NICEIC scheme secures benefits for 237 pensioners and 154 deferred members

Holly Roach
clock • 2 min read
Electrical Safety Council completes £66m full buy-in with Just Group

The National Inspection Council for Electrical Installation Contracting Pension Scheme has completed a £66m buy-in transaction with Just Group, securing the benefits of all scheme members.

  The deal with the scheme - whose sole employer is charity The Electrical Safety Council - was completed in October and secures the benefits for 237 pensioners and 154 deferred members. K3 a...

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

Just Group posts H1 results revealing £647m in PRT sales

Just Group posts H1 results revealing £647m in PRT sales

Insurer says its strong position in the smaller scheme segment has led to steady deal flow

Jonathan Stapleton
clock 22 September 2026 • 2 min read
Pension risk transfer volumes surpass £10bn in H1

Pension risk transfer volumes surpass £10bn in H1

Consultants expects market capacity to increase following insurer acquisitions

Martin Richmond
clock 22 September 2026 • 4 min read
Buy-in to buyout and member experience

Buy-in to buyout and member experience

What best-in-class transitions and member service looks like

Jonathan Stapleton
clock 17 September 2026 • 37 min read
Trustpilot