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

Pension risk transfer: The year in review

Pension risk transfer: The year in review

Tom Seecharan says the underlying story of the PRT market remains one of growth

Tom Seecharan
clock 12 December 2025 • 3 min read
Watts Cliff scheme agrees £4m buy-in with Aviva

Watts Cliff scheme agrees £4m buy-in with Aviva

Transaction was completed using Aviva’s Clarity solution and secures the benefits of 51 members

Holly Roach
clock 10 December 2025 • 2 min read
Comet Pension Scheme completes £330m buy-in with Canada Life

Comet Pension Scheme completes £330m buy-in with Canada Life

Transaction secures the benefits of 4,500 pension scheme members

Holly Roach
clock 10 December 2025 • 2 min read
Trustpilot