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

Special Melted Products secures £52m buy-in with Canada Life

Special Melted Products secures £52m buy-in with Canada Life

Deal secures the benefits of 430 pensioners and deferred members

Holly Roach
clock 14 September 2026 • 1 min read
Financial services scheme completes £100m 'BPA-plus' transaction with M&G

Financial services scheme completes £100m 'BPA-plus' transaction with M&G

Deal using BPA-plus proposition secures the benefits of 650 scheme members

Martin Richmond
clock 10 September 2026 • 2 min read
UK BPA volumes in H1 2026 expected to exceed £10bn

UK BPA volumes in H1 2026 expected to exceed £10bn

Aon says the BPA market remains as ‘competitive as ever’

Martin Richmond
clock 09 September 2026 • 2 min read
Trustpilot