Pensions - Articles - Just Retirement completes £95m DB de-risking transaction


Just Retirement is pleased to announce that it has successfully completed a £95million pensioner buy-in transaction with the defined benefit pension scheme of Galliford Try, the FTSE 250 housebuilding and construction group. The transaction is the latest in a series of steps the pension scheme trustees have taken to reduce risk in their investment portfolio.

 The pension trustees were advised by LCP.

 Tim Coulson, Director of Defined Benefit Solutions at Just Retirement said; “After the first quote was issued, we were able to execute the final stage of the transaction in just over 8 weeks. This was only possible due to the disciplined approach from LCP and the trustees of the Galliford Try Pension Scheme.”
  

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