Mitchells & Butlers and Standard Life serve up £1.2bn buy-in

BPA transaction secures benefits for over 20,000 deferred and pensioner members

Holly Roach
clock • 3 min read
Mitchells & Butlers and Standard Life serve up £1.2bn buy-in

The Mitchells & Butlers Pension Plan has completed a £1.2bn full scheme buy-in deal with Standard Life, securing the benefits of around 20,200 members.

The bulk purchase annuity transaction with the scheme, sponsored by restaurant and pub firm Mitchells & Butlers, was completed in May and covers both deferred and pensioner members. XPS Pensions...

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