Chubb schemes seal £1bn buy-in with Standard Life

Transaction insures the benefits of 14,000 members of two schemes

Jasmine Urquhart
clock • 2 min read
Chubb schemes seal £1bn buy-in with Standard Life

The Chubb Pension Plan and Chubb Security Pension Fund have completed a £1bn buy-in with Standard Life.

The bulk purchase annuity (BPA) transaction insures the benefits of around 14,000 members of the two schemes, which are both sponsored by subsidiaries of APi Group Corporation. Barnett Waddingha...

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

Join now

 

Already a Professional Pensions
member?

Login

More on Risk Reduction

ELG Metals UK scheme completes £28m buy-in with Just

ELG Metals UK scheme completes £28m buy-in with Just

Transaction secures the benefits of 99 deferred members and 81 pensioners

Martin Richmond
clock 24 April 2025 • 2 min read
Strategic run-on market set for influx of new entrants this year, EY report says

Strategic run-on market set for influx of new entrants this year, EY report says

Attractiveness of strategic run-on to grow as concept gains traction

Jasmine Urquhart
clock 17 April 2025 • 3 min read
The real question trustees should be asking – why?

The real question trustees should be asking – why?

Antony Miller asks why innovation in DB consolidation is moving at such a snail’s pace

Antony Miller
clock 16 April 2025 • 3 min read
Trustpilot