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

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

Lincolnshire Co-operative Pension Scheme and Rothesay agree £107m buy-in

Lincolnshire Co-operative Pension Scheme and Rothesay agree £107m buy-in

Transaction secures the benefits of over 2,300 scheme members

Holly Roach
clock 17 December 2025 • 1 min read
Blake Lapthorn Pension Fund completes £5.7m buyout with Aviva

Blake Lapthorn Pension Fund completes £5.7m buyout with Aviva

Transaction is the first to be completed using the fast track feature of Aviva’s Clarity service

Holly Roach
clock 16 December 2025 • 3 min read
Pension risk transfer: The year in review

Pension risk transfer: The year in review

Tom Seecharan says the underlying story of the PRT market remains one of growth

Tom Seecharan
clock 12 December 2025 • 3 min read
Trustpilot