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

DB funding remains steady in December, Broadstone finds

DB funding remains steady in December, Broadstone finds

Broadstone index finds both its modelled schemes made steady progress during 2025

Jasmine Urquhart
clock 08 January 2026 • 1 min read
NG Bailey scheme completes £155m buy-in with PIC

NG Bailey scheme completes £155m buy-in with PIC

Bulk purchase annuity transaction secures the benefits of 1,581 members

Martin Richmond
clock 08 January 2026 • 1 min read
Ability to act decisively and strategically in BPA market 'never been more critical'

Ability to act decisively and strategically in BPA market 'never been more critical'

Standard Life says trustees will continue to select insurers that provide bespoke solutions and pricing

Jasmine Urquhart
clock 07 January 2026 • 2 min read
Trustpilot