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

Safeway scheme secures £80m buy-in with Canada Life

Safeway scheme secures £80m buy-in with Canada Life

BPA transaction secures the benefits of 350 deferred members and 1,450 pensioners

Martin Richmond
clock 02 March 2026 • 2 min read
One third think most schemes will reach buyout within three years

One third think most schemes will reach buyout within three years

SPP finds most professionals think fewer than half of schemes will complete buyout in three years

Jasmine Urquhart
clock 25 February 2026 • 1 min read
Mouchel Business Services scheme agrees £9.5m buy-in with Just Group

Mouchel Business Services scheme agrees £9.5m buy-in with Just Group

Transaction secures the benefits of all 220 scheme members

Holly Roach
clock 25 February 2026 • 3 min read
Trustpilot