Vector Pension Scheme inks £114m full buy-in with Standard Life

Bulk purchase annuity deal secures the benefits of around 1,800 scheme members

Martin Richmond
clock • 2 min read
Vector Pension Scheme inks £114m full buy-in with Standard Life

The Vector Pension Scheme has completed a £114m full buy-in with Standard Life covering the benefits of approximately 1,800 members of the scheme.

The bulk purchase annuity transaction for the scheme, sponsored by Vector Industries, was finalised last November and followed close collaboration between the trustee and Standard Life over an exte...

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 Risk Reduction

Epson scheme secures £50m buy-in deal with PIC

Epson scheme secures £50m buy-in deal with PIC

Deal secures the benefits of all 368 pensioners and 493 deferred members

Holly Roach
clock 16 April 2024 • 2 min read
Lucite scheme secures £130m buy-in with Just Group

Lucite scheme secures £130m buy-in with Just Group

The full scheme buy-in deal secures the benefits of 438 uninsured members

Holly Roach
clock 11 April 2024 • 2 min read
Aviva launches streamlined bulk purchase annuity service

Aviva launches streamlined bulk purchase annuity service

Launch follows pilot scheme last year which saw more than 20 schemes transact

Jasmine Urquhart
clock 10 April 2024 • 1 min read
Trustpilot