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
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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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