The Safe Computing Pension Fund (“the Scheme”) has secured a £4.5m full buy-in with Just Group.
The Scheme is sponsored by The Access Group (“the Company”), one of the leading providers of business management software, which was keen to support the Trustees in its objective of securing member benefits.
The transaction, completed in March 2026, secures the benefits of 16 deferred and 24 pensioner members of the Scheme and completes the buy-in of all Scheme liabilities.
The transaction was achieved using the assets of the Scheme and, once a legacy illiquid asset was realised, did not require an additional contribution from the Company. The transaction was concluded swiftly in busy market using Broadstone’s SM&RT Insure process in tandem with Just’s streamlined service, Beacon.
Broadstone provided annuity broking alongside their existing services for actuarial, investment consultancy and scheme administration. Legal advice to the Trustees was provided by Gateley Legal.
Bob Jenkinson, Deal Lead at Broadstone, said: “Small scheme transactions like this require specialist knowledge of the insurance market and the extensive experience Broadstone have in the area proved invaluable. It was imperative the Scheme undertook a robust preparation phase to ensure data was in a suitable state of readiness for the transaction. All of that hard work paid off, and the transaction was completed seamlessly in under 4 weeks during a period of market volatility.”
Palwinder Hare at HS Trustees, commented: “Our Advisers guided the Trustees expertly through the entire project, delivering clear, focussed advice on the process and the key risks and issues associated with this type of transaction. The seamless execution proved the worth of the rigorous preparation and the strength of the approach. The efficiency of the transaction really put the valuable preparation into perspective and has proved its value.”
Alma Goyanes-Payne, Business Development Manager at Just, said: “Supporting schemes of all sizes is core to our approach at Just. By using our streamlined pricing service, small schemes can monitor pricing and move quickly to execution at the right time. We are pleased to have supported the Scheme in achieving its derisking objectives.”
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