Phoenix provides £230m buy-in to Agfa UK scheme

The deal is the first announced by this insurer for 2021, with a focus on ‘value not volume’

James Phillips
clock • 2 min read
Hymans Robertson partner and head of risk transfer solutions James Mullins
Image:

Hymans Robertson partner and head of risk transfer solutions James Mullins

The Agfa UK Group Pension Plan has completed a £230m buy-in with Phoenix, insuring the benefits of around 700 members.

The deal, completed in April, covers around 70% of the print product manufacturer scheme's pensioner members. It was facilitated by additional funding support from the company as part of a long-...

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James Phillips
Author spotlight

James Phillips

Professional Pensions journalist from 2016-2022

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