K3 Advisory, part of Isio Group, has successfully led a £2 million full scheme buy-in transaction for the Clark & Butcher Limited Pension Scheme with Just Group. Investment advice was provided by Barker Tatham, actuarial advice by GP Actuarial, legal advice by Pension Partners, and MUFG are the Scheme’s administrator.
K3 was selected for its pragmatic approach, deep risk settlement expertise, and strong track record in guiding smaller schemes through complex transactions. K3 led the buy-in broking process and will continue supporting the Trustees as they move towards the buyout phase.
The buy-in reflects Just Group’s prominent role in the risk settlement market, and the transaction secures the benefits of 15 pensioners and 8 deferred members.
Ben Clark, Chair of the Trustees commented: “We are pleased to announce the successful completion of this transaction, demonstrating the role of collaboration in achieving a secure and positive outcome. Through each party’s commitment and expertise, the process was executed seamlessly, ensuring long-term security and stability for our members”.
Thomas Crawshaw, Senior Actuarial Consultant at K3 Advisory, commented: “We are delighted to have played a key role in supporting the Trustees throughout this transaction. This buy-in highlights the value of our expertise and our close partnership with all stakeholders ensured a smooth process and financial security for the Scheme”.
Alma Goyanes-Payne, Deal Manager at Just Group commented: “We are proud to have secured the benefits for the Scheme members. The transaction benefited from our innovative price monitoring and bulk quotation service, Beacon. This enabled the scheme to transact quickly when the time was right – and was further supported by K3’s well-structured approach. There is a vibrant insurance de-risking market for schemes of all sizes and Just is delivering an outstanding service to small schemes, large schemes and everything in between.”
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