Just Group recorded a 21% increase in the total defined benefit (DB) risk reduction transactions completed in 2023, according to its full-year results.
The Association of British Insurers (ABI) Pension and Assurance Scheme has completed a buyout with Just Group valued at £18.4m, securing the benefits of all remaining.
ITB Pension Funds has completed a £290m buy-in transaction with Just Group, insuring the benefits of all remaining members. ITB Pension Funds consists of an open.