Pfizer scheme enters £100m buy-in with Scottish Widows

James Phillips
clock • 2 min read

Trustees of the Monsanto Pension Plan have agreed a £100m buy-in, protecting benefits for around 150 pensioners.

The deal with Scottish Widows is the first buy-in for the scheme, whose sponsoring employer is Pharmacia, a subsidiary of Pfizer. As part of the agreement, Monsanto will retain the risk of future d...

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

Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here

Join now

 

Already a Professional Pensions
member?

Login

James Phillips
Author spotlight

James Phillips

Professional Pensions journalist from 2016-2022

More on Risk Reduction

Utmost Group announces sale of BPA business to JAB Insurance

Utmost Group announces sale of BPA business to JAB Insurance

Deal with Miami-based insurer comes as Utmost looks to focus on wealth solutions

Jonathan Stapleton
clock 22 December 2025 • 2 min read
Healthcare sector pension scheme secures £189m buy-in with Canada Life

Healthcare sector pension scheme secures £189m buy-in with Canada Life

Deal secures the benefits of 1,100 deferred members and over 600 members with pensions in payment

Holly Roach
clock 19 December 2025 • 2 min read
Skanska Pension Fund agrees £525m full buy-in with Standard Life

Skanska Pension Fund agrees £525m full buy-in with Standard Life

Transaction secures the benefits of 5,500 scheme members

Holly Roach
clock 18 December 2025 • 2 min read
Trustpilot