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Just Retirement completes £75m de-risking deal

Enhanced annuity provider Just Retirement has written a £75m buy-in for an undisclosed defined benefit pension scheme, marking its biggest de-risking deal to date.

A buy-in is an insurance contract that allow the trustees of a DB scheme to offload the risk of paying pensions to a portion of members no matter the changes to their longevity or volatility in investment markets.

The scheme will not be named until all the members have been made aware of the deal.

Just Retirement defined benefit solutions director Tim Coulson says: “I am pleased to announce further success in the DB market. The scheme’s liability duration is a good match for our mortgage assets and wider investment portfolio.”

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