How the Philips UK Pension Fund executed its £2.4bn buyout

Jonathan Stapleton
clock • 1 min read

The Philips UK Pension Fund's £2.4bn buyout - concluded in November last year - was the largest of its kind ever completed in the UK market.

In this interview, Professional Pensions editor-in-chief Jonathan Stapleton talks to Philips Electronics UK pension manager Adrian Holmes and Pension Insurance Corporation actuary Mitul Magudia about the deal as well as the lessons learned.

More on Risk Reduction

Do more insurers equal more capacity?

Do more insurers equal more capacity?

Nikhil Patel takes an in-depth look at current trends in the risk transfer market

Nikhil Patel
clock 24 April 2024 • 7 min read
Lexmark Pension Plan inks buy-in deal with Canada Life

Lexmark Pension Plan inks buy-in deal with Canada Life

Transaction secures the benefits of 93 pensioners and 84 deferred members

Holly Roach
clock 24 April 2024 • 2 min read
PIC launches buyout solution for small schemes

PIC launches buyout solution for small schemes

Insurer’s solution will offer DB schemes with less than £100m a path towards buyout

Martin Richmond
clock 24 April 2024 • 1 min read
Trustpilot