The 1973 Pension & Assurance Scheme of The Boys’ Brigade has secured a £4.5m full scheme buy-in with Just Group, insuring the benefits of 49 members, comprising 15 deferred members and 34 pensioner members.

The transaction completed the buy-in of all scheme liabilities and was achieved without needing an additional contribution from the charity. The scheme will now proceed to full buyout and wind up.

Broadstone provided annuity broking advice and administration services and took on the role of scheme actuary. DWF LLP provided legal advice to the trustees, while Just Group received advice from its in-house team.

The scheme is sponsored by The Boys' Brigade, a registered charity and large Christian youth organisations in the United Kingdom.

Chair of trustees, Alistair Burrow, said the trustees were “delighted” that it managed to secure the benefits for members, without additional contributions from the charity.

He added that the trustees were confident that Broadstone and its other advisors would guide the scheme through the process and extended thanks on behalf of the trustee board to all parties involved for their hard work and collaboration throughout.

Just Group junior deal manager, Jerome Johnston, commented: “We are very pleased to have secured the benefits of all the scheme members and to have worked with Broadstone again to meet the trustees’ objectives.

"We were able to move quickly from indicative quote through to transaction, thanks to Beacon.”

Adding to this, Broadstone deal lead, George Whitaker, said: “It is great to demonstrate once again that well-prepared schemes of all sizes can achieve a cost-effective insurance transaction in a busy market.”

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