Broadstone advises on £35m Brittany Ferries pension buy-in with Just Group
The buy-in means all scheme members now have their benefits insured, covering 175 pensioners and 269 deferred members.
Broadstone 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.
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