IBM I.T Solutions scheme completes £700m buy-in with Standard Life

BPA transaction secures the benefits of more than 3,600 pensioners and deferred members

Martin Richmond
clock • 2 min read
IBM I.T Solutions scheme completes £700m buy-in with Standard Life

The IBM I.T. Solutions Pension Scheme has completed a £700m buy-in with Standard Life.

The bulk purchase annuity (BPA) transaction for the scheme, sponsored by technology company IBM, was completed last November. The transaction covers both pensioners and deferred members and secures...

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