The trustee of the Dolce Limited Retirement Benefits Scheme has completed a £9.3m buy-in, securing the benefits of its 510 members with Just Group.

The transaction was executed "exceptionally quickly", within only three months from the closure of the scheme to accrual in June 2025 to the deal being completed.

First Actuarial acted as lead risk transfer adviser to independent trustee, MHM Trustee Services, while legal advice was provided by Neon Legal.

The group said that the sponsoring employer and trustee were keen to establish how quickly they could achieve a buy-in and how much interest from insurers they were likely to get, ultimately garnering interest from six insurers.

Just Group was considered after quoting a competitive price and shortest timescale, as well as agreeing to a price lock that would provide a high level of cost certainty between the quotation and the transaction itself.

MHM Trustee Services director, David Hodgson, described the deal as a "great example of how having the right people involved at the right time can lead to tremendous results".

"A big thank you to Chloe Davies and the First Actuarial team for keeping us all on track to meet the challenging deadline.”

Adding to this, First Actuarial risk transfer consultant, Chloe Davies, said: “All parties came together to get the transaction completed as quickly as possible.

"MHM Trustee Services did a great job and were exceptionally responsive. Neon Legal provided very practical advice and turned everything around quickly.

“By planning everything in advance, we were able to turn the transaction around within three months of starting the project. Once we’d submitted the request for quotation, we held weekly calls throughout the project.

"We always did as much as possible in advance to keep everything moving, which meant we transacted by the deadline that the client had in mind.”

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