Imperial Tobacco in £1.8bn buy-in with Standard Life

Biggest buy-in of 2021 so far is Standard Life’s largest deal as business ramps up

James Phillips
clock • 3 min read
Standard Life managing director of defined benefit solutions Justin Grainger

Standard Life managing director of defined benefit solutions Justin Grainger

The Imperial Tobacco Pension Fund has insured the benefits of around 6,600 pensioner members in a bulk annuity with Standard Life.

The £1.8bn buy-in for the scheme, sponsored by Imperial Brands, is the largest buy-in of 2021 to be announced so far, and the second largest bulk annuity following the £2.2bn buyout of the Metal Box scheme....

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