Isio facilitates £7m buy-in with Pension Insurance Corporation for Black Arrow Group Ltd Pension and Assurance Scheme

19 February 2026: Isio has facilitated a £7m buy-in transaction for the Black Arrow Group Ltd Pension and Assurance Scheme, securing the benefits of 61 members through an insurance arrangement with Pension Insurance Corporation (PIC).

The buy-in covered all remaining members not previously insured and represents a further step in reducing risk for the Scheme.

Isio has worked with the Scheme in an advisory capacity for over seven years and acted as lead adviser to the trustees throughout the insurance process, supporting preparation, insurer engagement and transaction execution.

The buy-in was supported by the Sponsor, Black Arrow Group Limited. The transaction reduces the Scheme’s exposure to longevity, investment, and inflation risks and provides increased long-term security to the members.

Isio continues to advise trustees and sponsors across the risk transfer market, supporting schemes at different stages of their journey towards and beyond an insurance transaction.

Dan Sherratt, Director at Isio, said: “I’m really pleased we have been able to achieve this result for the Scheme – having worked very closely with the Trustees, Sponsor and other advisers over multiple years. This collaborative approach resulted in a timely transaction being agreed; providing further benefit security for Scheme members and reducing risk for the Scheme.”

Jon Sharp, Director at Birchmoor, Independent Trustee to the Scheme, added: “We’re pleased to have worked with the Sponsor and advisers to deliver a positive outcome for members. The transaction shows that, even in a busy market, it is possible for schemes of this size to engage constructively with insurers and secure improved long-term security for members’ benefits.”

Deepash Amin, Head of New Business Strategy at PIC, commented: “This transaction has enabled the remaining liabilities of the Black Arrow Group scheme to be insured, helping to provide long-term security for members’ benefits. It demonstrates our continued commitment to working constructively with trustees and advisers across a wide range of scheme sizes.”