The Safe Computing Pension Fund has secured a £4.5m bulk purchase annuity buy-in with Just Group.
The scheme is sponsored by The Access Group, a provider of business management software. The transaction, completed in March 2026, secures the benefits of 16 deferred and 24 pensioner members of the scheme and completes the buy-in of all scheme liabilities.
“Our Advisers guided the Trustees expertly through the entire project, delivering clear, focussed advice on the process and the key risks and issues associated with this type of transaction. The seamless execution proved the worth of the rigorous preparation and the strength of the approach. The efficiency of the transaction really put the valuable preparation into perspective and has proved its value,” said Palwinder Hare at HS Trustees.
“Supporting schemes of all sizes is core to our approach at Just. By using our streamlined pricing service, small schemes can monitor pricing and move quickly to execution at the right time. We are pleased to have supported the Scheme in achieving its derisking objectives,” added Alma Goyanes-Payne, Business Development Manager at Just.
The transaction was concluded using Broadstone’s SM&RT Insure process in tandem with Just’s streamlined service, Beacon.
Broadstone provided annuity broking alongside their existing services for actuarial, investment consultancy and scheme administration. Legal advice to the trustees was provided by Gateley Legal.
“Small scheme transactions like this require specialist knowledge of the insurance market and the extensive experience Broadstone have in the area proved invaluable. It was imperative the Scheme undertook a robust preparation phase to ensure data was in a suitable state of readiness for the transaction. All of that hard work paid off, and the transaction was completed seamlessly in under 4 weeks during a period of market volatility,” said Bob Jenkinson, Deal Lead at Broadstone.
