LONDON, 31 March 2025 – Aon plc (NYSE: AON), a leading global professional services firm, has advised The Englass Pension Scheme on a £12 million full scheme buy-in with Just Group.
The transaction used Aon’s Pathway streamlined approach for bulk annuity transactions of less than £150 million and leveraged Just’s ability to streamline and fast-track deal execution. The transaction covers all 100 members of the scheme.
Jan van Dijk, chair of Trustees for The Englass Pension Scheme, said:
“This is an important step for the Englass Scheme and its members. Following a careful selection process, the implementation with Aon and Just was achieved with speed and efficiency. Using pre-negotiated contractual terms and Aon’s very wide experience, the transaction was signed within 12 working days of the October trustee meeting at which the go ahead was given for Just’s proposed quotation.”
Claire Armstead, senior consultant in the risk settlement team in the UK at Aon, said:
“We were very pleased with the smooth progress of this transaction via our Pathway process. It was one of 16 smaller scheme transactions that Aon made over the year and is a good example of how the market has adjusted to the needs of schemes of this size – both in terms of pricing and of process. We are already seeing more of this in 2025.”
Alma Goyanes-Payne at Just, said:
“Our price monitoring and bulk quotation service, Beacon, combined with our streamlined execution process, empowered the Trustees to move swiftly to transaction as soon as pricing conditions became favourable. We were able to work efficiently with Aon to ensure that the process to transaction was straightforward and members’ benefits were secured. There is a vibrant insurance de-risking market and Just’s technology-enabled solution is being successfully deployed for schemes of all sizes.”
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