Marvin OnumonuBroadstone advised on a £35m full scheme buy-in for the Brittany Ferries Group Pension and Life Assurance Scheme with Just Group.
The scheme is sponsored by BAI (UK) Limited, which owns Brittany Ferries.
The transaction was completed in November 2025 and did not need any extra contributions.
The buy-in means all scheme members now have their benefits insured, covering 175 pensioners and 269 deferred members.
Broadstone provided annuity broking, scheme actuary and administration services.
Osborne Clarke gave legal advice, while Towergate Employee Benefits also advised the trustees.
Mark Channon, senior actuarial director and deal lead at Broadstone, said: “Using Broadstone’s SM&RT Insure service, we presented an excellently prepared Scheme to the insurance market enabling Just Group to execute the transaction very efficiently.
“Being able to complete the initial buy-in with no additional contribution is testament to the work done by the Trustees and their advisers over many years.
“We look forward to working with the Trustees and Just over the coming months to finalise the policy.”
Steve James, chair of trustees, said: “Broadstone worked seamlessly with Just and our other advisors to complete this transaction in a timely manner and at a great price.
“The Trustees are thankful for the ongoing support that the Company has provided the Scheme which meant the premium could be settled without further contributions.
“We now look forward to completing the data cleanse period and ensuring our members are given the b
best possible service in the future.”
Alma Goyanes-Payne, BDM at Just Group, said: “It is always a great experience to work with Broadstone and schemes that are so well prepared.
“Using our innovative bulk pricing and quotation service, Beacon, provided transaction certainty, making the process easy and efficient and allowing us to execute in a timely manner to secure the best outcome for members.”
