Menzies scheme and Just Group fly through £260m buy-in deal

Transaction secures the benefits of over 3,000 scheme members

Holly Roach
clock • 2 min read
Menzies scheme and Just Group fly through £260m buy-in deal

The Menzies Pension Fund has completed a £260m buy-in transaction with Just Group, securing the benefits of over 3,000 members.

The deal – completed in March – secures the benefits of 1,400 pensioners and over 1,650 deferred members and follows a pensioner-only buy-in in 2018. The transaction with the scheme, which is sp...

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

Cognitronics scheme completes £1.7m buy-in with Aviva

Cognitronics scheme completes £1.7m buy-in with Aviva

Risk reduction transaction secures the benefits for eight deferred members

Martin Richmond
clock 01 October 2026 • 2 min read
Competition drove BPA deals to £10.2bn in H1

Competition drove BPA deals to £10.2bn in H1

Strong pipeline of larger deals expected for H2 as insurers compete on non-price factors

Alex Levy
clock 30 September 2026 • 2 min read
UPDATED - Clara announces £135m superfund deal with Arco pension scheme

UPDATED - Clara announces £135m superfund deal with Arco pension scheme

Deal is Clara’s seventh with 2-3 more expected this year

Jonathan Stapleton
clock 29 September 2026 • 3 min read
Trustpilot