Close Menu
    What's Hot

    Stora Enso UK Group Pension Scheme Completes Bulk Purchase Annuity Buy-In Deal With Royal London

    25 September 2025

    US Pension Risk Transfer New Premium Falls Two-Thirds in Second Quarter

    25 September 2025

    UK Pension Risk Transfer Market Delivers Lowest First-Half Volumes Since 2021 but H2 Looking More Promising

    25 September 2025
    X (Twitter) LinkedIn
    LinkedIn X (Twitter)
    Life Risk News
    • Home
    • Features

      New Documentary Shines a Light on the Origins of the Life Settlement Market

      10 September 2025

      UK Pension Risk Transfer Market Driving Increased Interest from North American Investors

      10 September 2025

      7,000 Steps Each Day Keeps the Doctor Away. But What Is the Impact on Insurers and Pensions?

      10 September 2025

      Q&A: Pretty Sagoo, Managing Director, Defined Benefit Solutions, Just Group

      10 September 2025

      Reform Spurs a Steady Drumbeat of New Pension Risk Transfer Deals in the Netherlands

      10 September 2025
    • Commentary

      What the Financial Advisor Community Can Learn from the Life Settlement Market

      10 September 2025

      Breaking the Bottleneck: Why GMP Equalisation and Data Challenges Are Delaying Buyouts in 2025

      10 September 2025

      Why Is Working-Age Mortality Worsening in the UK?

      13 August 2025

      Navigating Credit Allocations for Buy-In: Why Getting It Right Matters Now

      13 August 2025

      Mental Health Illness and Its Impact on Life Expectancy in the USA

      16 July 2025
    • Events
    • Magazine
    • News

      Stora Enso UK Group Pension Scheme Completes Bulk Purchase Annuity Buy-In Deal With Royal London

      25 September 2025

      US Pension Risk Transfer New Premium Falls Two-Thirds in Second Quarter

      25 September 2025

      UK Pension Risk Transfer Market Delivers Lowest First-Half Volumes Since 2021 but H2 Looking More Promising

      25 September 2025

      SG Pension Fund Completes Bulk Purchase Annuity Buy-In Deal With Aviva

      22 September 2025

      Mativ Holdings Completes Bulk Purchase Annuity Buy-In Deal With Rothesay

      22 September 2025
    Subscribe
    Life Risk News
    Home » Philippine National Bank Secures Bulk Purchase Annuity Buy-In With Just Group

    Philippine National Bank Secures Bulk Purchase Annuity Buy-In With Just Group

    Industry News 1 September 2025Greg WintertonBy Greg Winterton
    Twitter LinkedIn Email
    Just Group
    Share
    Twitter LinkedIn Email

    Philippine National Bank has completed a £1m bulk purchase annuity buy-in with Just Group. 

    The scheme is sponsored by Philippine National Bank (Europe) plc, the London-based entity of Philippine National Bank which is dedicated to serving the Filipino community in the UK. 

    The transaction, completed in June 2025, insures the benefits of all members of the scheme.  

    “We are delighted to have secured the benefits of all members of the Philippine National Bank Retirement Benefits Scheme through this buy-in. Partnering with Just Group and our advisers at Mercer has given us confidence that our members’ pensions are protected for the long term. This transaction marks a significant milestone in our journey to ensure financial security and peace of mind for our members,” said Nestor Pascual, Chair of Trustees. 

    “Just Group’s price monitoring and bulk quotation service, Beacon, enabled by best-in-class technology and systems, was critical to the success of this buy-in. We tracked the pricing and when the conditions were favourable, we completed the transaction quickly. It is evidence that even the smallest schemes can secure their members’ benefits through the insurance market. Just is committed to helping schemes of all sizes achieve their de-risking objectives and delivering an excellent member experience,” added Alma Goyanes-Payne, Deal Manager at Just Group. 

    Mercer was employee benefits consultant and lead broker on the transaction, Just Group used in-house legal support with legal advice provided to the trustees by DLA Piper. 

    “It has been our pleasure to support the Trustees with this transaction, which delivered a highly favourable outcome for all parties. Through thorough preparation and collaboration, the Scheme successfully completed the deal via Just’s Beacon service, ahead of schedule,” said Rebecca Giles, Risk Transfer Consultant at Mercer. 

    2025 - September Bulk Purchase Annuity Transactions Longevity and Mortality Risk Transfer Longevity Risk News: September 2025 Pension Risk Transfer
    Share. Twitter LinkedIn Email

    Related Posts

    Stora Enso UK Group Pension Scheme Completes Bulk Purchase Annuity Buy-In Deal With Royal London

    25 September 2025

    US Pension Risk Transfer New Premium Falls Two-Thirds in Second Quarter

    25 September 2025

    UK Pension Risk Transfer Market Delivers Lowest First-Half Volumes Since 2021 but H2 Looking More Promising

    25 September 2025

    SG Pension Fund Completes Bulk Purchase Annuity Buy-In Deal With Aviva

    22 September 2025

    Comments are closed.

    Most Popular

    New Documentary Shines a Light on the Origins of the Life Settlement Market

    10 September 2025

    UK Pension Risk Transfer Market Driving Increased Interest from North American Investors

    10 September 2025

    7,000 Steps Each Day Keeps the Doctor Away. But What Is the Impact on Insurers and Pensions?

    10 September 2025

    What the Financial Advisor Community Can Learn from the Life Settlement Market

    10 September 2025
    Ad

    Your trusted source for capital markets participation in Life Risk

    X (Twitter) Instagram LinkedIn
    Life Risk
    • About Life Risk News
    • Get In Touch
    • Our Team
    • Copyright Notice
    • Terms and Conditions
    • Privacy Policy
    • Sitemap
    Coverage
    • Home
    • Features
    • Events
    • Commentary
    Subscribe

    Type above and press Enter to search. Press Esc to cancel.

    We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept All”, you consent to the use of ALL the cookies. However, you may visit "Cookie Settings" to provide a controlled consent.
    Cookie SettingsAccept All
    Manage consent

    Privacy Overview

    This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
    Necessary
    Always Enabled
    Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
    CookieDurationDescription
    cookielawinfo-checkbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
    cookielawinfo-checkbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
    cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
    cookielawinfo-checkbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
    cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
    viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
    Functional
    Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
    Performance
    Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
    Analytics
    Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
    Advertisement
    Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
    Others
    Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.
    SAVE & ACCEPT