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. ...

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