Section of Sopra Steria scheme completes £113m full buy-in with PIC

BPA transaction secures the benefits of all the 355 scheme members

Martin Richmond
clock • 2 min read
Sopra Steria office in Utrecht, Netherlands (credit: Pixelbizz on iStock)
Image:

Sopra Steria office in Utrecht, Netherlands (credit: Pixelbizz on iStock)

The Steria Management Plan (SMP) Section of the Sopra Steria Retirement Benefits Scheme has completed a £113m full buy-in with Pension Insurance Corporation (PIC).

The bulk purchase annuity (BPA) transaction for the scheme fully secures the benefits of all the 355 members within the scheme. The scheme is sponsored by European technology company Sopra Steria, ...

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