After thorough consideration, Just Retirement Limited (Just) was selected as the insurer responsible for this significant task.
What is a pension buy out?
A pension buy-out is a process where an insurance company takes over the responsibility for paying members' benefits. By transferring the liabilities of the EBCO Section to Just, the Trustee aims to provide an additional layer of security for your pension. This means that Just will be responsible for paying your pension benefits in the future, ensuring that your retirement income is safeguarded under the management of a reputable insurer.
We are pleased to inform you that the buy-out was completed in December 2023.
If you have any questions about the buy-out process or need further assistance, get in touch with us using the information in the contact details section.