Home > Alerts > United Kingdom > Standard Life completes £150m full scheme buy-in of the Sappi UK Pension Scheme
21 July 2022
Standard Life, part of Phoenix Group, has concluded a £150M Bulk Purchase Annuity (“BPA”) transaction covering 1,300 members of the Sappi UK Pension Scheme (“the Scheme”).
As a full scheme buy-in, the transaction has enabled the Trustee and Company to significantly reduce the risks associated with its pension scheme liabilities by securing full benefits for the Scheme’s members.
Source: Standard LifeFebruary 16, 2024
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