Phoenix completes further £1.1bn buy-in with own scheme

James Phillips
clock • 2 min read

Phoenix Life has completed a £1.1bn buy-in with its own defined benefit (DB) plan, the PGL Pension Scheme, it has announced.

The insurer said it had completed a total of nearly £1.6bn of bulk annuity deals in the first six months of the year. In its half-year results, published today (7 August), Phoenix said the deal ...

To continue reading this article...

Join Professional Pensions

  • Unlimited access to real-time news, analysis and opinion from the industry
  • Receive our in-depth monthly magazine in either print or digital format
  • Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
  • Receive important and breaking news stories selected by the Editors in our daily newsletter
  • Hear from industry experts and other forward-thinking leaders
  • Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date

Join now

 

Already a Professional Pensions
member?

Login

James Phillips
Author spotlight

James Phillips

Professional Pensions journalist from 2016-2022

More on Risk Reduction

Spar Pension Fund bags £11m buy-in with Just Group

Spar Pension Fund bags £11m buy-in with Just Group

Transaction secured through preparatory work carried out by the scheme’s trustees

Martin Richmond
clock 21 February 2024 • 2 min read
Risk transfer volumes reach record levels in 2023

Risk transfer volumes reach record levels in 2023

L&G research finds approximately £50bn in total market volumes recorded last year

Martin Richmond
clock 19 February 2024 • 3 min read
Vector Pension Scheme inks £114m full buy-in with Standard Life

Vector Pension Scheme inks £114m full buy-in with Standard Life

Bulk purchase annuity deal secures the benefits of around 1,800 scheme members

Martin Richmond
clock 15 February 2024 • 2 min read
Trustpilot