PerkinElmer agrees £130m full buy-in Standard Life

First deal completed after the Phoenix bulk annuity team’s rebrand

James Phillips
clock • 2 min read
The deal covers 900 members. Image: Andreas Breitling, Pixabay
Image:

The deal covers 900 members. Image: Andreas Breitling, Pixabay

The PerkinElmer (UK) Pension Scheme has concluded a £130m full scheme buy-in with Standard Life, insuring 900 members.

The deal covers pensioner and deferred members of the medical equipment manufacturer's scheme and includes the option to convert to a buyout further down the track. It is also Standard Life's fi...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Join now

 

Already a Professional Pensions
member?

Login

James Phillips
Author spotlight

James Phillips

Professional Pensions journalist from 2016-2022

More on Risk Reduction

Coats UK scheme secures £1.3bn buy-in deal with PIC

Coats UK scheme secures £1.3bn buy-in deal with PIC

Scheme’s second buy-in transaction secures the benefits of 18,042 members

Holly Roach
clock 04 September 2024 • 2 min read
Updated: The biggest buy-ins and buyouts since 2007

Updated: The biggest buy-ins and buyouts since 2007

Professional Pensions rounds up the largest block transfers of liabilities to insurers

Professional Pensions
clock 04 September 2024 • 1 min read
Scottish Milk scheme completes £42m full buy-in with Just Group

Scottish Milk scheme completes £42m full buy-in with Just Group

Transaction secures the benefits of 292 pensioners and 160 deferred members

Holly Roach
clock 27 August 2024 • 2 min read
Trustpilot