Whitbread secures £680m buy-in with Standard Life

Bulk purchase annuity secures the benefits for savers in the Whitbread Group Pension Fund

Hope William-Smith
clock • 1 min read
Whitbread is the owner of the Premier Inn hotel chain
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Whitbread is the owner of the Premier Inn hotel chain

Hospitality company Whitbread has secured a bulk purchase annuity transaction with Standard Life covering around 8,000 members of the Whitbread Group Pension Fund.

The £680m buy-in deal for the company is its first transaction and secures the benefits for members within the defined benefit scheme, which closed to new employers in 2009. "This buy-in is a ke...

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Hope William-Smith
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Hope William-Smith

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