Finning Pension Scheme completes £250m buy-in with Standard Life

Full scheme bulk purchase annuity insures the benefits of around 2,170 members

Jonathan Stapleton
clock • 2 min read
The scheme is sponsored by Finning UK, a Caterpillar machinery dealership
Image:

The scheme is sponsored by Finning UK, a Caterpillar machinery dealership

The Finning Pension Scheme has concluded a £250m full scheme buy-in with Standard Life.

The scheme – which is sponsored by Finning UK, a Caterpillar machinery dealership – said the deal was completed in December 2024 and covers all 2,170 members of the scheme. Standard Life was cho...

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

The birth of the buy-in: Reflections on 20 years of pension risk transfer

The birth of the buy-in: Reflections on 20 years of pension risk transfer

Clive Wellsteed reflects on how the buy-in came into being and why it has become the route of choice for many pension schemes

Clive Wellsteed
clock 15 April 2026 • 7 min read
Time taken to convert from buy-in to buyout increasing due to insurer backlog

Time taken to convert from buy-in to buyout increasing due to insurer backlog

Time taken to convert from buy-in to buyout increasing due to insurer backlog

Martin Richmond
clock 14 April 2026 • 2 min read
Graham Asset Management pension scheme agrees £1m buy-in with L&G

Graham Asset Management pension scheme agrees £1m buy-in with L&G

Transaction is the second completed using Isio’s new framework for micro schemes

Holly Roach
clock 14 April 2026 • 2 min read
Trustpilot