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

FirstGroup Pension Scheme completes £90m buy-in with Aviva

FirstGroup Pension Scheme completes £90m buy-in with Aviva

Process completed on accelerated three month timetable to completion

Jonathan Stapleton
clock 15 October 2026 • 2 min read
Metallus UK Pension Scheme completes £40m buy-in with Royal London

Metallus UK Pension Scheme completes £40m buy-in with Royal London

Deal’s agreed buyout plan provides a clear pathway to the pension scheme's endgame

Jonathan Stapleton
clock 14 October 2026 • 1 min read
Updated: The biggest buy-ins and buyouts since 2007

Updated: The biggest buy-ins and buyouts since 2007

Professional Pensions rounds up the largest block transfers of liabilities to insurers

Professional Pensions
clock 13 October 2026 • 1 min read
Trustpilot