Just Group plc (GB:JUST) has released an update.
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Just Group plc has announced a significant £1.8 billion transaction to secure pension benefits for the G4S Pension Scheme, marking its largest defined benefit de-risking endeavor. The deal, which involves reinsuring 60% of the investment and longevity risks, highlights Just Group’s capability to manage large-scale pension schemes effectively. This move underscores the company’s strategic growth in the insurance de-risking market, providing robust solutions for pension security.
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