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Greenhous Group pension scheme completes £19m full buy-in with Just Group

Written by Paige Perrin
04/03/2024

The Greenhous Group (2015) Retirement Benefits Scheme has completed a £19m full buy-in deal with Just Group.

The deal secures the benefits of 32 pensioners and 213 deferred members and was completed in January.

This was Just Group’s second repeat transaction with the scheme, following an initial buy-in in 2014, and completes the buy-in of all £32m of scheme liabilities covering 351 members.

Broadstone provided annuity broking to the transaction, as well as scheme actuary and secretarial services, while Gateley Legal provided legal advice, Isio provided investment advice, and administration services were conducted by XPS.

Just Group senior business development manager, Martin Parker, said the firm was “delighted to have worked with the trustee again to secure the benefits of all 245 previously uninsured scheme members”, while Broadstone head of trustee services and deal lead, Christopher Rice, said that the group was “pleased” to have assisted in “completing the final piece of this insurance jigsaw”.


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