The Scheme is sponsored by Royal Star & Garter, a UK charity that provides care for veterans and their partners living with disability or dementia. This transaction was completed in November 2025 and secures the benefits of 186 pensioners and 65 deferred members.
Jerome Johnston, Deal Manager at Just Group, said: “This deal demonstrates Just’s ability to work with schemes of all sizes and types, including charities, and to leverage our streamlined pricing service, Beacon, to deliver an actionable price, in a competitive process. We believe that we have achieved a great outcome for members.”
Alan Greenlees at Zedra Governance Limited and Professional Trustee to the Scheme, added: “This has been a truly collaborative effort between the Trustee, Charity and all of our advisors, where we served a common objective of securing the best outcome for members. It has been a long-term strategic objective for the Trustee and Charity since before Zedra were first appointed and it is particularly rewarding to see this being achieved ahead of time. Just’s proposition really spoke to us about positive member experience and made the selection straightforward.”
Andy Cole OBE, Chief Executive of Royal Star & Garter added: “Royal Star & Garter is committed to delivering high quality care for veterans and their partners, and this is only achieved through our dedicated and skilled staff. Our priority when securing this transaction was to ensure that our valued retired team members had their benefits fully secured for the long-term. It has been positive working alongside the Trustee and Mercer to achieve this.”
Cara Gordon, Risk Transfer Consultant at Mercer, commented: “We are delighted to have worked with the Trustee and Just on this transaction. Using Mercer’s tried and tested, streamlined approach we received multiple insurer quotes, securing a deal that met both the Trustee and Charity’s selection criteria and fully supports the Scheme members. This transaction demonstrates Mercer’s ability to run an efficient competitive process in an evolving small scheme market to deliver an outcome that delivers value and puts members at the forefront.”
Mercer was the lead pension risk transfer adviser on the transaction. Legal advice was provided to the Trustee by Mills & Reeve LLP and to Just Group by its in-house internal legal team.
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