Acting as Chair of Trustees, Vidett helped secure the future benefits for 4,000 scheme members by supporting Just Group’s £400m buy-in. This transaction has removed any investment and longevity risks posed by the sponsoring employer.
On completion of the deal, Mark Johnston commented: “We are delighted to have now achieved pension security for all members of the Scheme. This represents 10 years of collaborative work between the trustees, advisers and sponsor to secure the right premium for members.”
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