Standard Life reports £4bn of bulk annuities in second half

Buy-in and buyout volumes are more than double the insurer’s 2020 figure

James Phillips
clock • 2 min read
Phoenix Group chief executive Andy Briggs
Image:

Phoenix Group chief executive Andy Briggs

Standard Life completed another £4bn of bulk annuity transactions in the second half of 2021, including a further deal with one of its own schemes.

The insurer, owned by Phoenix Group, said it had insured another £3.6bn of external pension scheme benefits across three deals, alongside a £400m buy-in with the Pearl Group Staff Pension Scheme. ...

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

Holophane scheme gets green light on £24m full buy-in deal with PIC

Holophane scheme gets green light on £24m full buy-in deal with PIC

Deal secures the benefits of 95 pensioners and dependents and 74 deferred members

Holly Roach
clock 15 January 2025 • 2 min read
Charities urged to prepare for DB funding regime

Charities urged to prepare for DB funding regime

DB schemes with valuations after 22 September 2024 should take control of funding and investment strategy

Jasmine Urquhart
clock 13 January 2025 • 1 min read
LCP urges trustees to ask the right questions about buy-in

LCP urges trustees to ask the right questions about buy-in

Consultancy says selecting the correct insurer is ‘more than a box-ticking exercise’

Jasmine Urquhart
clock 10 January 2025 • 1 min read
Trustpilot