Eversheds Cultivates £49M Pension Deal For Garden Supplier

By Martin Croucher (October 7, 2021, 1:06 PM BST) -- A garden supplies company has offloaded its staff pension liabilities to Just Group for £49 million ($67 million), the insurer said on Thursday, in a deal that highlights a growing shift toward smaller transactions this year.

Just Group PLC said the buy-out deal, for the Miracle Garden Care Pension Scheme, will mean that the benefits of all 140 members of the workplace plan will be insured.

Approximately £20 billion in pensions deals was signed in the first six months of 2021, according to figures released last month by professional services and broking giant Aon PLC. Twio thirds, 65%, of those deals...

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