Just Retirement has launched a medically underwritten buy-in service aimed at small and medium-sized defined benefit schemes.
The service, which is aimed at schemes with up to 300 pensioner members, focuses on underwriting small numbers of members who represent a disproportionately large amount of the scheme's liabilities. Once identified, these members undergo a detailed interview over the phone to establish whether they qualify for enhanced annuities and to price the cost of a buy-in more accurately. Just Retirement, which previously specialised in individual annuities, has recruited a ten-strong team to set up its bulk annuity offering (PP Online, 29 November). Director of DB solutions Tim Coulson said...
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