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

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-...

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

Financial services sector pension scheme secures £40m buy-in with Canada Life

Financial services sector pension scheme secures £40m buy-in with Canada Life

Transaction secures the benefits of around 80 pensioners and 60 deferred members

Holly Roach
clock 02 April 2026 • 1 min read
Increased insurer competition for smaller BPA transactions in 2025, Aon finds

Increased insurer competition for smaller BPA transactions in 2025, Aon finds

Consultancy’s risk settlement update shows majority of transactions completed were under £100m

Martin Richmond
clock 30 March 2026 • 2 min read
Rothesay publishes full-year trading update revealing £5.2bn of business in 2025

Rothesay publishes full-year trading update revealing £5.2bn of business in 2025

Deal volumes fall back from 2024 level but insurer says demand remains strong

Jonathan Stapleton
clock 27 March 2026 • 2 min read
Trustpilot