Standard Life completes £1.5bn Compass Group pension buy-in
By IAN Editorial Desk
9 January 2025·Updated 26 September 2026·1 min read
Primary source: standardlifeplc.com
The December 2024 buy-in secured benefits for over 14,000 pensioner members and over 11,000 deferred members.
Standard Life, part of Phoenix Group, has completed a £1.5bn bulk purchase annuity transaction with the Compass Group Pension Plan, sponsored by food-services company Compass Group PLC. The transaction, which closed in December 2024 as a buy-in covering the majority of the Plan's members, secures the benefits of over 14,000 pensioner members and over 11,000 deferred members.
Mercer acted as…
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