11 August 2021
•
1 min read
Phoenix has completed a £998m buy-in with one of its own defined benefit (DB) schemes following a slow start to 2021 for the bulk annuity market.
The insurer closed the pension risk transfer deal with the Pearl Group Staff Pension Scheme on 22 July, covering around 35% of pensioner and deferred liabilities. The transaction follows an agreement...
To continue reading this article...
Join Professional Pensions
- Unlimited access to real-time news, analysis and opinion from the industry
- Receive our in-depth monthly magazine in either print or digital format
- Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
- Receive important and breaking news stories selected by the Editors in our daily newsletter
- Hear from industry experts and other forward-thinking leaders
- Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date
