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

Walkers Shortbread scheme bakes up £34m buy-in deal with L&G

Walkers Shortbread scheme bakes up £34m buy-in deal with L&G

Transaction secures the benefits of 161 retirees and 238 deferred members

Holly Roach
clock 14 November 2024 • 2 min read
G4S scheme secures £1.8bn full buy-in with Just Group

G4S scheme secures £1.8bn full buy-in with Just Group

Insurer’s largest risk reduction deal to date secures benefits for around 22,500 members

Martin Richmond
clock 14 November 2024 • 3 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 14 November 2024 • 1 min read
Trustpilot