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Energizer UK Pension Plan completes £44m buy-in with Just Group

Written by Sophie Smith
03/04/2024

The Energizer UK Pension Plan has completed a £44m full buy-in deal with Just Group, securing the benefits of all scheme members, including 409 pensioners and 358 deferred members.

Buck, a Gallagher company, acted as the employee benefit consultant on the deal, while Hogan Lovells provided legal advice to the trustee, Zedra Governance Limited, and Just used its in-house legal support.

The deal made use of Just's bulk quotation service, which monitors pricing against data received from the trustee or employee benefit consultant allowing quick execution when scheme funding levels aligns with a target price.

Just Group business development manager, Geraint Jones, added: “It was a pleasure to work with Buck and Zedra to secure the Energizer UK Pension Plan members’ benefits.

“The transaction demonstrates that there is a vibrant DB de-risking market for schemes of all sizes."


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