Eversheds is cultivating a £ 49 million retirement contract for garden suppliers

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By Martin Croucher (Oct. 7, 2021, 1:06 p.m. BST) – A gardening company has dumped its employee pension obligations to Just Group for £ 49 million ($ 67 million), the insurer said in an agreement on Thursday, which highlights an increasing shift towards smaller deals this year.

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

Around £ 20 billion worth of annuity contracts were signed in the first six months of 2021, according to figures released last month by Professional Services and brokerage giant Aon PLC. Two thirds, 65%, of these deals …

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