Noble Foods Limited Pension Scheme has completed a buyout with Utmost Life and Pensions, securing the benefits of 455 members and dependents.

This marks the first external pension scheme buyout for the UK life and pensions company.

A full scheme buy-in was achieved in April 2025.

Since then, Utmost has issued 455 individual buyout policies to scheme members and dependants in the Noble Foods Limited Pension Scheme, achieving full buyout in under a year.

Commenting, Noble Foods Limited Pension Scheme chair of trustees, Louisa Hogarty, said: “The transition has provided our members with security and clarity for the future, and we appreciate the professionalism and commitment demonstrated by all parties throughout the process.

"Achieving this outcome in such a timely manner is a testament to the collaborative efforts involved.”

Utmost Life and Pensions head of BPA business development, Gary Needham, noted that the swift transition from buy-in to buyout was “thanks to the preparation that had been undertaken by the trustees before seeking to transact, the responsiveness of the administrators and the skill and care of our dedicated transitions team utilising the unique functionality of our Mantle Administrator software".

Mantle Services chief client success officer, Chris Tucker, added that “it is a real demonstration of what’s possible when the right technology underpins the process.

“We built our Mantle platform to remove the friction from risk transfer administration, and this transaction is proof of that in action.”

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