Standard Life completes £175m full scheme buy-in of the Findel Group Pension Fund

25 March 2022

Standard Life, part of Phoenix Group, has concluded a circa £175M bulk purchase annuity transaction covering all members of the Findel Group Pension Fund (“the Fund”).

The transaction, which was agreed in February and transacted in March, has enabled the Trustee to secure full benefits for all of the Fund’s circa 2,000 members. Standard Life and the Trustee worked closely together over an accelerated timeline to complete the deal.

Source: Phounix