Lucite scheme secures £130m buy-in with Just Group

The full scheme buy-in deal secures the benefits of 438 uninsured members

Holly Roach
clock • 2 min read
Lucite scheme secures £130m buy-in with Just Group

The Lucite International UK Pension Fund has completed a £130m full scheme buy-in with Just Group, securing the benefits of 438 members.

The transaction – completed last month and announced today (11 April) – secures the benefits of 156 pensioners and dependants and 282 deferred members of the scheme, which is sponsored by Mitsubish...

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

WTW launches streamlined longevity swap solution

WTW launches streamlined longevity swap solution

Fixed-fee service aims to provide better reinsurance access for sub-£1bn schemes

Jonathan Stapleton
clock 28 July 2026 • 1 min read
20 pension schemes join Isio's PenUltimate Micro solution

20 pension schemes join Isio's PenUltimate Micro solution

Smaller DB scheme solution was launched last year to help with the insurance process

Holly Roach
clock 27 July 2026 • 1 min read
M&G completes £100m 'BPA-plus' transaction for Miller Insurance

M&G completes £100m 'BPA-plus' transaction for Miller Insurance

Proposition provides potential upside for members from discretionary bonus payments

Jonathan Stapleton
clock 24 July 2026 • 2 min read
Trustpilot