{"id":848,"date":"2025-06-12T12:00:32","date_gmt":"2025-06-12T12:00:32","guid":{"rendered":"http:\/\/www.xinetica.com\/?p=848"},"modified":"2025-06-12T14:28:37","modified_gmt":"2025-06-12T14:28:37","slug":"just-group-completes-150m-pensioner-buy-in-with-mgn-pension-scheme","status":"publish","type":"post","link":"http:\/\/www.xinetica.com\/index.php\/2025\/06\/12\/just-group-completes-150m-pensioner-buy-in-with-mgn-pension-scheme\/","title":{"rendered":"Just Group completes \u00a3150m pensioner buy-in with MGN Pension Scheme"},"content":{"rendered":"

Just Group has completed a c. \u00a3150m pensioner buy-in with the MGN Pension Scheme, sponsored by Reach plc, which provides pensions for former employees of Mirror Group Newspapers.<\/p>\n

\"\"The buy-in, which was completed in November 2024, reportedly insures the benefits of around 1,300 in-payment members, a proportion of the Scheme\u2019s overall membership.<\/p>\n

Just Group explained that the buy-in is the first for the Scheme and was structured in a way to ensure any future transactions with the firm can be completed efficiently.<\/p>\n

LCP acted as the lead risk transfer advisers for the Scheme, with Travers Smith providing legal advice to the Trustee and Aon acting as the scheme actuary.<\/p>\n

Meanwhile, Hymans Robertson and Slaughter and May advised the Sponsor, with Gowlings advising Just Group.<\/p>\n

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\"Register<\/a><\/p>\n<\/div>\n<\/div>\n

Kishan Radia, Business Development Manager at Just Group, commented, \u201cWe\u2019re very pleased to have completed this initial pensioner-only buy-in and to provide long-term security for more than 1,000 members.<\/p>\n

“We look forward to working in partnership with the Scheme\u2019s Trustees on their de-risking journey over the coming years. The insurance de-risking market is working positively for schemes of all sizes, and Just is delivering an outstanding service to small schemes, large schemes and everything in between.\u201d<\/p>\n

Quentin Woodley, Chair of Trustees, said, \u201cWe are pleased to have completed this pensioner buy-in with Just. It is a significant step on our goal to providing long-term security for members\u2019 pensions. LCP ran a thorough selection process to help the Trustee choose Just and we worked closely with the Sponsor to agree a transaction structure that achieved all parties\u2019 objectives.\u201d<\/p>\n

Charlie Finch, Partner at LCP, added, \u201cIt has been a privilege to work with the Trustees to help structure and implement this important step.<\/p>\n

“Just met the key selection criteria for the Trustees and were pragmatic and commercial in their negotiation approach. We are working with a large number of schemes to implement buy-ins as the market continues to be highly active with strong competition for schemes of all sizes.\u201d<\/p>\n

Tom Green, Senior Counsel at Travers Smith, said, “It was a pleasure to work with the Trustees to help them achieve this significant outcome for the Scheme. All parties adopted a collaborative approach and we enjoyed working closely with the wider trustee advisory team, Just, Reach and their respective advisers.”<\/p>\n

The post Just Group completes \u00a3150m pensioner buy-in with MGN Pension Scheme<\/a> appeared first on ReinsuranceNe.ws<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Just Group has completed a c. \u00a3150m pensioner buy-in with the MGN Pension Scheme, sponsored by Reach plc, which provides […]<\/p>\n","protected":false},"author":1,"featured_media":850,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[14],"tags":[],"_links":{"self":[{"href":"http:\/\/www.xinetica.com\/index.php\/wp-json\/wp\/v2\/posts\/848"}],"collection":[{"href":"http:\/\/www.xinetica.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.xinetica.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.xinetica.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.xinetica.com\/index.php\/wp-json\/wp\/v2\/comments?post=848"}],"version-history":[{"count":3,"href":"http:\/\/www.xinetica.com\/index.php\/wp-json\/wp\/v2\/posts\/848\/revisions"}],"predecessor-version":[{"id":852,"href":"http:\/\/www.xinetica.com\/index.php\/wp-json\/wp\/v2\/posts\/848\/revisions\/852"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/www.xinetica.com\/index.php\/wp-json\/wp\/v2\/media\/850"}],"wp:attachment":[{"href":"http:\/\/www.xinetica.com\/index.php\/wp-json\/wp\/v2\/media?parent=848"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.xinetica.com\/index.php\/wp-json\/wp\/v2\/categories?post=848"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.xinetica.com\/index.php\/wp-json\/wp\/v2\/tags?post=848"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}