Hospitality company Whitbread has secured a bulk purchase annuity transaction with Standard Life covering around 8,000 members of the Whitbread Group Pension Fund.
The £680m buy-in deal for the company is its first transaction and secures the benefits for members within the defined benefit scheme, which closed to new employers in 2009. "This buy-in is a ke...
To continue reading this article...
Join Professional Pensions
- Unlimited access to real-time news, analysis and opinion from the industry
- Receive our in-depth monthly magazine in either print or digital format
- Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
- Receive important and breaking news stories selected by the Editors in our daily newsletter
- Hear from industry experts and other forward-thinking leaders
- Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date