The Argent Group Europe Pension Scheme has finalised a £16m full-scheme buy-in with Just Group, securing the benefits of 215 members.
The transaction, which was completed in November 2025, covered the benefits of 170 pensioners and 45 deferred members.
The deal was made possible using funds provided by Argent Holdings Limited.
Broadstone, the scheme’s actuary, investment consultant and administrator, also provided annuity brokerage services for this transaction.
CMS provided legal advice to the trustees, while Just Group used their internal legal counsel.
Argent Group Europe Pension Scheme trustee board chair, Malcolm Connelly, thanked Broadstone for their work preparing the scheme and Argent Holdings Limited for their support ensuring the premium could be settled in full.
“We now look forward to working with Just and Broadstone to progress the data cleanse period and are confident that our members will be well looked after in the future,” he said.
Broadstone provided advice to the scheme through its SM&RT Insure service.
Broadstone senior actuarial director and deal lead, Mark Channon, explained their SM&RT Insure team was involved from an early stage, working with the trustee board to ensure the scheme had a clear benefit specification and high quality data.
He continued: “After a competitive process which produced some excellent pricing, the trustee selected Just Group.
“The initial work Broadstone conducted meant that the transaction process itself was extremely efficient, and it was a pleasure to work with the trustee, company, Just and advisers to complete this deal.”
Just Group business development manager, Alma Goyanes-Payne, agreed the scheme was well prepared.
She added: “Our well-established processes, including the use of our pricing service Beacon and close working relationship with Broadstone ensured the transaction process itself was highly efficient and should set the scheme up well for the data cleanse to be carried out in a timely manner.”
