Just Group completed a £58m buy-in transaction with the trustees of the Keysight Technologies UK Limited Retirement Benefits Plan in December 2021.
This is the plan’s second transaction with Just as part of their phased de-risking strategy following a £250m buy-in earlier in 2021.
The two transactions have together secured the liabilities for all of the plan’s 900 pensioner members.
Andrea Collins, senior business development manager at Just Group, said: “We are very pleased to support the trustees and sponsor of the Keysight Technologies UK Limited Retirement Benefits Plan for a second time in their de-risking journey with this second transaction.
“We put in place an innovative umbrella contract which resulted in both transactions progressing smoothly under the one agreement.
“Just has now completed repeat transactions with 27 schemes which is a great testament to our reputation for the quality of our member services, and the expertise of our talented, agile team developed through many years of experience in the bulk annuity business.”
