Sappi scheme agrees £150m full buy-in with Standard Life

Kent-based paper merchandiser secures benefits for 1,300 scheme members

Hope William-Smith
clock • 1 min read
Sappi scheme agrees £150m full buy-in with Standard Life

The Sappi UK Pension Scheme has secured a £150m full scheme buy-in with Standard Life covering 1,300 members.

The bulk purchase annuity deal secures full benefits for the scheme members and was overseen by PwC as lead transaction advisers, while legal advice was provided by Squire Patton Boggs and administ...

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

Join now

 

Already a Professional Pensions member?

Login

More on Investment

The growth of sustainable funds means some won’t have track records and schemes are reluctant to invest Photo: Eoneren via iStock

Trustees face track record challenge with ESG funds

Recent growth of sustainable strategies has led to vicious cycle over performance data

Jonathan Stapleton
clock 17 August 2022 • 3 min read
Most employers understand importance of RI

Most employers understand importance of RI

A third of employers said it is essential that a pension fund is invested responsibly

Holly Roach
clock 17 August 2022 • 3 min read
Fred Berry

The importance of questions about investment strategies

Fred Berry breaks down The Pensions Regulator’s questioning of schemes

Fred Berry
clock 16 August 2022 • 4 min read
Trustpilot