Landor Cartons’ pension scheme completes £6m buy-in with Just Group

Written by Jack Gray

23/10/2023

The defined benefit (DB) pension scheme of Landor Cartons Limited has completed a £6m full scheme buy-in with Just Group.

The deal, which covered 29 deferred members and 39 pensioners, was completed on 7 August 2023.

Bulk annuity and consolidator advisory business K3 Advisory supported the trustees in completing the deal.

The actuary and administrator was Atkin Pensions, with legal advice being provided by Shoosmiths.

Just Group business development manager, Kishan Radia, said: “This transaction clearly shows, that if prepared in the right way, all schemes have access to the risk transfer ‘gold standard’ that is purchasing a bulk annuity from an insurer.

“Utilising our innovative bulk quotation service, and working with K3, we were confident that this would be a streamlined and efficient process from start to finish. It shows there is a vibrant DB de-risking market for schemes of all sizes.”

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