18 September 2023
K3 Advisory, the pension market’s only specialist independent bulk annuity and consolidator advisory business, and market leading end-game advisory business to the fiduciary management market, today announced the successful completion of three of the companies’ smallest buy-in deals to date:
All transactions benefited from the professional trusteeship and governance of Vidett and were completed with insurer Just Group.
Mark Foster, Deal Lead at K3 Advisory, commented: “The completion of these transactions highlights our continued dedication to supporting smaller companies to reach the best outcome for their scheme, and their members. Our specialised approach, and first-class connections with insurers, allows us to unlock better value in the market with cost and timescale certainty. Establishing insurer interest in these small schemes was further aided by the professional governance in place, giving greater confidence to insurers that the transaction would proceed. “
Kevin Clark, Client Director at Vidett, commented: “As an appointed independent trustee our objective is to always ensure members benefits are secure and they are getting the best outcome possible. Working with K3 we felt completely confident that the schemes, and members, were in very good hands. It’s extremely satisfying to have been able to reach such a favourable outcome for all parties.”
Kishan Radia, Business Development Manager Just Group, commented: “These three transactions clearly showcase that if prepared in the right way, all schemes have access to the risk transfer “gold standard” that is purchasing a bulk annuity from an insurer. Utilising our innovative bulk quotation service, and working with K3, we were confident these would be streamlined and efficient processes from start to finish. There is a vibrant DB de-risking market for schemes of all sizes.”
– ENDS –
