BESTrustees and Gallagher complete £7.2m Buy-In for WCF Ltd Staff Retirement Benefits Scheme

The WCF Ltd Staff Retirement Benefits Scheme has announced a £7.2m buy-in for the scheme’s remaining 122 deferred members. The Sponsor, WCF Ltd, a logistics, retail, e-commerce, and leisure company, based in the UK,  worked closely with BESTrustees and adviser Gallagher. In less than five months, the trustees and Gallagher steered the buy-in to its final signing with Legal & General, working closely with several other parties to deliver a swift and favourable outcome.

BESTrustees was the professional trustee, Gallagher acted as risk transfer broker, scheme actuary, and provided consultancy services on investment and administration and Eversheds Sutherland acted as the legal adviser. The effective collaboration of all these advisers along with the support of the sponsoring employer, resulted in a smooth transaction.

“Over 2025, we’ve worked closely with WCF and our advisers at Gallagher and Eversheds to steer the Scheme toward its objective of insuring all the deferred members. It’s a privilege to announce that we have secured a positive outcome for our members, and one that will secure the futures of the uninsured members. The success of our transaction is a case study for the value of close collaboration in delivering a buy-in transaction with speed and efficiency.”

Ann Rigby, Professional Trustee, BESTrustees Limited

“We are delighted to have collaborated with the Scheme’s trustee on a successful buy-in, which has delivered a favourable outcome for 122 members. Every single party worked in lockstep, delivering a smooth process while maintaining continuity with past transactions. As a result, we were able to move at speed and finish the transaction on time and without any complications.”

Mark van den Berghen, Head of Risk Transfer, Gallagher