Just Group has completed a £7m buy-in with the Rannoch Food Group Pension Scheme, covering 46 deferred members and 10 pensioners.
The deal was completed by K3 Advisory, in partnership with actuary and consultant, Cartwright.
Just Group DB business development manager, Harriet Fallows, said: “There is a vibrant consolidation market for schemes of all sizes, and we are extremely proud to have concluded this transaction. We know that any scheme brought to us by K3 and Cartwright has been properly prepared and is ready to go, which aids us in providing a quality quote.
“Utilising our innovative bulk quotation service provided transaction certainty and meant the process was easy and efficient allowing us to complete in a timely manner, securing the best outcome for members.
"Our commitment to working with schemes of all sizes is demonstrated here and we are delighted to have been selected by the trustees for this mandate.”