By Martin Croucher (October 7, 2021, 1:06 p.m. BST) – A garden supply company has offloaded its staff pension liabilities to Just Group for £ 49million ($ 67million), the insurer said Thursday, in a deal that highlights a growing shift towards smaller deals this year.
Just Group PLC said the buyout agreement, for the Miracle Garden Care pension plan, would mean that the benefits of the 140 members of the working plan will be secured.
About £ 20 billion in retirement agreements were signed in the first six months of 2021, according to figures released last month by professional services and brokerage giant Aon PLC. Two-thirds, 65%, of these transactions …
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