The Trustees of the Ferno (UK) Limited Retirement and Death Benefits Scheme have agreed a c. £4m full scheme buy-in with Legal & General.
The transaction was agreed in October 2025 and covers approximately 100 scheme members.
“It is a great achievement to reach this significant milestone. This is the culmination of many years of hard work by Trustees past and present, which would not have been possible without the continued support of the sponsoring employer. The Trustee Board would like to thank our advisers Barnett Waddingham and Arc Pensions Law for their support and leadership through the Scheme’s journey to this stage, and to L&G for working with the Trustees to achieve this buy-in transaction,” said Clive Grimley, Chair of Trustees.
“L&G is pleased to have worked with the Trustees of the Ferno (UK) Limited Retirement and Death Benefits Scheme. It has been great to showcase the value of our Flow solution for this transaction, which enables us to provide tailored, end-to-end support for pension schemes,” added Adrian Somerfield, Origination and Execution Director at L&G.
Barnett Waddingham acted as actuarial, administration, investment and risk transfer advisers, while legal advice was provided to the Trustees by Arc Pensions Law.
“We are proud to have led this transaction, successfully navigating an exceptionally busy risk transfer market. Our team has worked with Ferno and the Trustees over a number of years to help make their goal of insuring all benefits a reality. We worked closely with the Trustees to facilitate a transaction that meets their objectives and secures members’ benefits with a household name,” said Adam Walker, Risk Transfer Partner at Barnett Waddingham.
