Just Group agrees £32m buy-in with Air France pension scheme

Written by Adam Cadle

06/11/2023

Just Group has agreed a £32m buy-in with the Air France (UK) Pension Scheme, securing pension liabilities for almost 200 members of the scheme.

The deal is the scheme’s third buy-in, and its second with Just Group, following a previous pensioner-only buy-in undertaken in 2014.

Hymans Robertson acted as lead adviser during the transaction, while legal advice was provided to the trustee by Pinsent Masons.

Just Group business development manager, Geraint Jones, added: “Just Group is delighted to have had the opportunity to work with the trustees again to significantly de-risk this scheme, providing long-term security to the members of the Air France (UK) Pension Scheme.

“When a trustee board awards you a further transaction it creates a feeling of pride for the whole team at Just Group.

“It is a strong endorsement that we are delivering an outstanding service and doing the right thing for members. The transaction demonstrates that well-prepared schemes of all sizes can capture attractive pricing and terms, even in a busy bulk annuity market.”

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