Standard Life reports £4bn of bulk annuities in second half

Buy-in and buyout volumes are more than double the insurer’s 2020 figure

James Phillips
clock • 2 min read
Phoenix Group chief executive Andy Briggs
Image:

Phoenix Group chief executive Andy Briggs

Standard Life completed another £4bn of bulk annuity transactions in the second half of 2021, including a further deal with one of its own schemes.

The insurer, owned by Phoenix Group, said it had insured another £3.6bn of external pension scheme benefits across three deals, alongside a £400m buy-in with the Pearl Group Staff Pension Scheme. ...

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

Manufacturing sector scheme secures £11m buy-in deal with Just Group

Manufacturing sector scheme secures £11m buy-in deal with Just Group

Transaction secures the benefits of 87 members of the scheme

Holly Roach
clock 03 September 2026 • 1 min read
Samworth Brothers scheme secures £400m buy-in with Canada Life

Samworth Brothers scheme secures £400m buy-in with Canada Life

Transaction secures the benefits of over 7,000 scheme members

Holly Roach
clock 02 September 2026 • 3 min read
Clara agrees second small schemes superfund deal with £40m pension fund

Clara agrees second small schemes superfund deal with £40m pension fund

Transaction will see more than 400 members join the Clara Pension Trust

Jonathan Stapleton
clock 02 September 2026 • 2 min read
Trustpilot