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...

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