The Chartered Institute of Procurement and Supply Pension Scheme has completed a £11m bulk purchase annuity buy-in with Just Group. The buy-in secured the benefits of 24 deferred members and 59 pensioners and dependant pensioners.
“The successful completion of this buy-in reflects the value of a well-coordinated and efficient approach between the Trustee and advisers. Despite a highly active market, the Scheme was able to secure members’ benefits with a competitive insurer solution and move quickly to complete the transaction,” said Richard Williams, Professional Trustee at Capital Cranfield, the external trustee to the scheme.
“Having been monitored on our pricing platform, Beacon, this transaction was supported by clear pricing visibility from the outset. Working in close partnership with the trustee and their advisers, we are pleased to have delivered a solution that supports the scheme’s long-term objectives and will achieve a great outcome for members,” added Rajan Hothi, Deal Manager at Just Group.
K3 Advisory, part of Isio, was appointed as risk transfer adviser to the Scheme in December 2025.
“Completing this transaction within six months of our appointment demonstrates how smaller schemes can achieve efficient and successful outcomes in a busy market. With a focused process and strong insurer engagement, the Trustee was able to move quickly to secure members’ benefits with Just Group,” said Thomas Crawshaw, Senior Actuarial Consultant at K3 Advisory.
