Standard Group UK scheme completes £26m buyout with Just Group

Bulk annuity transaction generates surplus assets for sponsor and scheme’s 107 members

Martin Richmond
clock • 2 min read
Standard Group UK scheme completes £26m buyout with Just Group

The Standard Group UK Pension Scheme has completed a £26m buyout with Just Group.

The bulk annuity transaction, which was completed in a short period of time, and has fully secured the benefits for 107 members of the scheme. The transaction process was initiated after Zedra, ...

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

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
XPS raises concern about the PPF acting as a public consolidator

XPS raises concern about the PPF acting as a public consolidator

XPS says PPF could support viable DB schemes with insolvent sponsors to reach buyout

Jasmine Urquhart
clock 09 April 2024 • 2 min read
Trustpilot