The F. Hinds Pension Fund, for the family-owned jewellery chain, has completed a £42m buy-in covering the benefits of 485 members.  

The transaction with Royal London was completed via LCP’s streamlined service for smaller schemes. The deal was structured to provide flexibility for distributing any future surplus.  

“We are delighted to have completed a full buy-in of the fund, securing all members’ benefits for the future. The trustees selected Royal London based on the strength of their proposal and the alignment of their values with F.Hinds,” said trustee chair David Hinds.

Mark Sharkey, BPA origination manager at Royal London, said the jeweller’s heritage, commitment to responsible stewardship and family ownership were aligned with Royal London’s own values.  

“This was brought to life when we met the trustees at the F.Hinds office in Uxbridge, surrounded by powerful reminders of the business’ enduring focus on their customers and staff for the past 170 years,” he said, adding: “This transaction further strengthens our growing track record of partnering with trustees and advisers to deliver tailored solutions regardless of pension scheme size.” 

LCP advised the trustees on the deal, while Addleshaw Goddard gave legal advice on the transaction. Isio is the scheme actuary and investment adviser, with Burges Salmon also advising the trustees.  

LCP partner Rachel Hirst said: “I am proud to have led this transaction, helping the trustees to achieve an important milestone for the fund. This is our second transaction with Royal London through LCP’s streamlined service and is another great example of the attractive pricing and terms that can be secured for schemes of this size through the right process.”  

Legal advice to Royal London was provided by Mayer Brown.  

Royal London entered the market in September 2024 after insuring two of its own schemes earlier that year. It has since completed more than 26 buy-ins.