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

L&G confirms £2bn of UK PRT volumes written in H1 2026

L&G confirms £2bn of UK PRT volumes written in H1 2026

Insurer’s half-year results show institutional retirement operating profit grew to £646m

Martin Richmond
clock 05 August 2026 • 2 min read
Royal London new workplace pension sales increase by 13%

Royal London new workplace pension sales increase by 13%

Insurer’s interim results show its workplace pensions business AUM increased to £43.6bn

Martin Richmond
clock 05 August 2026 • 2 min read
Elementis Group Pension Scheme completes £300m buy-in with Aviva

Elementis Group Pension Scheme completes £300m buy-in with Aviva

Transaction secures the benefits of 4,500 scheme members

Holly Roach
clock 03 August 2026 • 3 min read
Trustpilot