Just Group Completes £150m Pensioner Buy-in with MGN Pension Scheme
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Just Group completes £150m pensioner buy-in with MGN Pension Scheme
Just Group has completed a c. £150m pensioner buy-in with the MGN Pension Scheme, sponsored by Reach plc, which provides pensions for former employees of Mirror Group Newspapers. The buy-in, which was completed in November 2024, reportedly insures the benefits of around 1,300 in-payment members, a proportion of the Scheme’s overall membership. Just Group explained that the buy-in is the first for the Scheme and was structured in a way to ensure …
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