Broadstone advises Safe Computing Pension Fund on full buy-in with Just Group

Broadstone advised the Safe Computing Pension Fund on a £4.5m full buy-in with Just Group.

The deal secures benefits for all members of the Scheme, including 16 deferred and 24 pensioner members, and completes buy-in of all liabilities. 

The Scheme is sponsored by The Access Group. 

The transaction used Scheme assets and did not require an extra contribution from the Company after a legacy illiquid asset was realised. 

The process was completed in under four weeks using Broadstone’s SM&RT Insure process alongside Just’s Beacon service. Gateley Legal provided legal advice.

Bob Jenkinson, deal lead at Broadstone, said: “Small scheme transactions like this require specialist knowledge of the insurance market and the extensive experience Broadstone have in the area proved invaluable. 

“It was imperative the Scheme undertook a robust preparation phase to ensure data was in a suitable state of readiness for the transaction. 

“All of that hard work paid off, and the transaction was completed seamlessly in under 4 weeks during a period of market volatility.”