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

Avon Cosmetics secures £235m buy-in with M&G

Avon Cosmetics secures £235m buy-in with M&G

Transaction secures the benefits of over 3,000 scheme members

Holly Roach
clock 11 February 2026 • 1 min read
Vistry secures £155m multi-scheme buy-in deal with PIC

Vistry secures £155m multi-scheme buy-in deal with PIC

Transaction covers three final salary schemes, securing the benefits of 1,671 members

Holly Roach
clock 10 February 2026 • 1 min read
KLM UK Pension Scheme completes £240m buy-in with Rothesay

KLM UK Pension Scheme completes £240m buy-in with Rothesay

Transaction secures the benefits of the remaining 1,852 scheme members

Holly Roach
clock 10 February 2026 • 3 min read
Trustpilot