Abbey Life scheme secures £200m buy-in with Standard Life

Deal secures the benefits of 1,500 members of the Standard Life sponsored scheme

Holly Roach
clock • 2 min read
Abbey Life scheme secures £200m buy-in with Standard Life

The Abbey Life Assurance Company Limited Staff Pension Scheme has completed a £200m buy-in with Standard Life, securing the benefits of around 1,500 scheme members.

The transaction – completed last month – secures the benefits of around 900 pensioners and dependants and 600 deferred members. Abbey Life was acquired by Standard Life, formerly Phoenix Group, ...

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

Competition drove BPA deals to £10.2bn in H1

Competition drove BPA deals to £10.2bn in H1

Strong pipeline of larger deals expected for H2 as insurers compete on non-price factors

Alex Levy
clock 30 September 2026 • 2 min read
UPDATED - Clara announces £135m superfund deal with Arco pension scheme

UPDATED - Clara announces £135m superfund deal with Arco pension scheme

Deal is Clara’s seventh with 2-3 more expected this year

Jonathan Stapleton
clock 29 September 2026 • 3 min read
Buy-in to buyout and member experience

Buy-in to buyout and member experience

What best-in-class transitions and member service looks like

Jonathan Stapleton
clock 24 September 2026 • 37 min read
Trustpilot