Just Group Counsel guide to £86m pension buyout deal

0
By Irene Madongo (March 16, 2022, 14:31 GMT) – Pensions specialist Just Group PLC said on Wednesday it had completed an £86 million ($112 million) buyout deal with the pension plan trustee. retirement from CSM (UK) Ltd., a biochemical and food company.

The agreement was reached with the trustee and sponsor working together in a joint task force to fully secure pension plan member benefits, Just said.

The task force conducted a feasibility study in 2020 for a strategy to secure benefits and obtained pricing from several insurers, Just said. The group was able to secure a competitive and efficient process “for a relatively small market…

Stay one step ahead

In the legal profession, information is the key to success. You need to know what’s going on with customers, competitors, practice areas and industries. Law360 provides the intelligence you need to stay an expert and beat the competition.

  • Access to case data in articles (numbers, filings, courts, nature of lawsuits, etc.)
  • Access to attached documents such as briefs, motions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and more!

TRY LAW360 FREE FOR SEVEN DAYS

Share.

About Author

Comments are closed.