Phoenix insures £144m of Aegon scheme liabilities

James Phillips
clock • 1 min read

The Aegon UK Staff Retirement and Death Benefit Scheme has secured a £144m buy-in with Phoenix, covering around a quarter of pensioner liabilities.

The deal brings Phoenix's total bulk annuity volumes for 2019 to £1.9bn, and is the insurer's third announced deal this year. Its other two transactions were a £1.1bn buy-in with its own pension sc...

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

M&G to launch with-profits bulk annuity in 2026

M&G to launch with-profits bulk annuity in 2026

Insurer says the new product will provide it with ‘key competitive advantage’ in market

Jonathan Stapleton. Additional reporting by Patrick Brusnahan
clock 03 September 2025 • 2 min read
'Temporary' positive funding levels could be unwound if QT halted or reversed

'Temporary' positive funding levels could be unwound if QT halted or reversed

Fears rise over monetary policy as government borrowing costs hit highest level since 1988

Jonathan Stapleton
clock 02 September 2025 • 2 min read
How surplus is driving a rethink of the pension scheme endgame

How surplus is driving a rethink of the pension scheme endgame

Mark Johnston looks at recommendations for good surplus management

Mark Johnston
clock 01 September 2025 • 4 min read
Trustpilot