Gallagher, the global insurance, risk and consulting firm, has advised the trustee of the Noble Denton Consultants Limited Pension Scheme on the successful completion of an £11.4 million full scheme buy-in with Just Group ('Just'), securing the benefits of 106 scheme members.
Appointed as risk transfer broker in 2025, Gallagher worked closely with the trustee and other advisers to prepare the scheme, ahead of approaching the market in September 2025. Following a competitive process which led to attractive pricing, Just was selected as the preferred provider. As a result, the trustee and Noble Denton Consultants Limited were able to move quickly to execute the buy-in before the end of the year.
Zedra Governance Limited acted as the scheme's sole trustee, Taylor Wessing provided legal advice to the trustee and Cartwright acted as scheme actuary and administrator. Just was advised by in-house legal counsel.
Jerome Johnston, deal manager at Just Group, said: "We were extremely pleased to be able to support the trustee and sponsor in a rapid process that priced and executed within their timeline. This was the result of the preparatory work done and the use of our price monitoring service, Beacon, which facilitates rapid, attractive pricing for schemes."
Alan Greenlees, client director at Zedra Governance Limited, said: "This marks a significant milestone in the scheme's journey, and I'm delighted that our members' retirement benefits have been secured for the long-term. This has been a collaborative effort between the trustee, sponsor and all of our advisors, who have worked in lock step with us throughout. The use of escrow to financially support the transaction gave both the trustee and sponsor greater flexibility and certainty over a 2025 transaction. Gallagher's clear and direct advice, coupled with Just's focus on positive member experience made the decision very straightforward in the end."
Mark van den Berghen, head of risk transfer at Gallagher, said: "We are delighted to have helped the trustee choose Just as its partner for this transaction, which is a fantastic outcome for the scheme and its members. Our team closely monitored insurer pipelines to determine that the best possible outcome for the scheme would be achieved through a competitive process. We then worked closely with the trustee and co-advisers to ensure the scheme was well-prepared to transact by the end of 2025."
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