On the go: The £1.3mn Collective Enterprises Limited Retirement and Death Benefits Scheme has agreed to a full buy-in covering all of its pensioner and deferred members.
The deal was completed in September 2022 with Just Group and covered seven pensioners and 12 deferred members.
K3 Advisory managing director Adam Davis commented: “Significantly, this deal was traded during the incredibly turbulent week which saw the “mini” Budget announced and the Bank of England intervention on interest rates, showing very clearly that if a scheme is prepared, if data and benefits are accurate and up to date, it can act quickly for the benefit of its members.
“In this case, the situation allowed us to trade immediately at pricing that was attractive to the scheme, leaving the trustees with a healthy surplus to buyout,” he added.
This article first appeared on MandateWire.com
