Compass Group Pension Plan completes £1.5bn buy-in with Standard Life

Deal secures benefits of over 14,000 pensioner and 11,000 deferred members

Jonathan Stapleton
clock • 2 min read
Compass Group is a contract catering and food services business
Image:

Compass Group is a contract catering and food services business

The Compass Group Pension Plan has completed a £1.5bn bulk purchase annuity (BPA) deal with Phoenix Group’s Standard Life.

The food service company's scheme said the deal, which transacted in December 2024, is a buy-in for the majority of the plan's members and secures the benefits of over 14,000 pensioner members and ...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here

Join now

 

Already a Professional Pensions
member?

Login

More on Risk Reduction

Leeds Building Society scheme completes £66m buy-in with Royal London

Leeds Building Society scheme completes £66m buy-in with Royal London

Bulk purchase annuity transaction secures the benefits for 590 members

Martin Richmond
clock 13 May 2026 • 2 min read
Safe Computing Pension Fund completes £4.5m buy-in with Just Group

Safe Computing Pension Fund completes £4.5m buy-in with Just Group

Transaction secures the benefits of 16 deferred members and 24 pensioners

Martin Richmond
clock 11 May 2026 • 2 min read
The era of choice in DB endgames

The era of choice in DB endgames

Rosie Twist asks how trustees should consider the differences between their options

Rosie Twist
clock 08 May 2026 • 5 min read
Trustpilot