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 agre...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
In just a few clicks you can start your free Professional Pensions Lite membership for 12 months, providing you access to:
- 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
