On the go: The James Walker (Leith) Limited Retirement Benefit Scheme has agreed a full £43mn buy-in with Just Group.
The deal, which was completed in January, covers approximately 300 members.
Mike Kennedy, director at ProPensions and professional trustee of the scheme, said: “Thanks to the alignment and support between the employer and trustees, and K3’s expertise, we were able to reach buy-in within 10 months.
"The transaction is a great outcome for all stakeholders — most importantly, the members of the scheme.”
Peter Jennings, business development manager at Just, said: “In the early planning stages of this transaction, the entire team recognised that achieving strong levels of collaboration from all those involved would lead to a successful outcome.
"This resulted in a very smooth, well-executed project to secure the benefits for the trustees and their members in an extremely timely fashion.”
This article originally appeared on MandateWire.com
