Mitchells & Butlers and Standard Life serve up £1.2bn buy-in

BPA transaction secures benefits for over 20,000 deferred and pensioner members

Holly Roach
clock • 3 min read
Mitchells & Butlers and Standard Life serve up £1.2bn buy-in

The Mitchells & Butlers Pension Plan has completed a £1.2bn full scheme buy-in deal with Standard Life, securing the benefits of around 20,200 members.

The bulk purchase annuity transaction with the scheme, sponsored by restaurant and pub firm Mitchells & Butlers, was completed in May and covers both deferred and pensioner members. XPS Pensions...

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

More on Risk Reduction

Blumont Annuity launches operations to provide bulk annuity solutions in the UK

Blumont Annuity launches operations to provide bulk annuity solutions in the UK

Brookfield Wealth Solutions subsidiary looks to tap into £500bn of market demand

Jonathan Stapleton
clock 25 March 2025 • 1 min read
What's next for the BPA market in 2025?

What's next for the BPA market in 2025?

Craig Turnbull and Rosie Fantom look at regulatory shifts and longevity trends

Craig Turnbull and Rosie Fantom
clock 24 March 2025 • 6 min read
Record number of buy-in transactions completed in 2024

Record number of buy-in transactions completed in 2024

Hymans analysis shows total PRT volumes in 2024 expected to amount to £47.6bn

Martin Richmond
clock 21 March 2025 • 2 min read
Trustpilot