Compass Group Pension Plan completes £1.5bn buy-in with Standard Life

Deal secures benefits of over 14,000 pensioner and 11,000 deferred members

Jonathan Stapleton
clock • 2 min read
Compass Group is a contract catering and food services business
Image:

Compass Group is a contract catering and food services business

The Compass Group Pension Plan has completed a £1.5bn bulk purchase annuity (BPA) deal with Phoenix Group’s Standard Life.

The food service company's scheme said the deal, which transacted in December 2024, is a buy-in for the majority of the plan's members and secures the benefits of over 14,000 pensioner members and ...

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

Industry group launches bulk annuity sustainability collaboration

Industry group launches bulk annuity sustainability collaboration

Insurers, advisers and schemes launch initiative to streamline BPA survey processes

Jonathan Stapleton
clock 06 February 2025 • 4 min read
Five schemes secure buy-in deals with Just Group

Five schemes secure buy-in deals with Just Group

The transactions were completed last year and range in value from £2m to £17m

Holly Roach
clock 06 February 2025 • 2 min read
Utmost Life and Pensions partners with Mantle for support on BPA market entry

Utmost Life and Pensions partners with Mantle for support on BPA market entry

Partnership will see Mantle provide ‘end-to-end’ support throughout the risk transfer process

Martin Richmond
clock 05 February 2025 • 2 min read
Trustpilot