Image:
Whitbread is the owner of the Premier Inn hotel chain
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
Become a Professional Pensions Lite Member today
In just a few clicks you can start your free Professional Pensions Lite membership for 12 months, providing you access to:
- 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
