Standard Life completes £530m buy-in with the Cobham Pension Plan & more…Keep up with what has been happening this week in our latest actuary news round-up…
The Agfa UK Group Pension Plan has completed a £200m buy-in with Standard Life, securing the benefits of 770 scheme members.
This de-risking transaction with Flour Milling and Baking Research Association Pension and Assurance Scheme highlights some key benefits of APPs to smaller pension schemes.
Standard Life completes £530m buy-in with the Cobham Pension Plan
Standard Life, part of Phoenix Group, has concluded a £530 million Bulk Purchase Annuity (“BPA”) transaction covering c. 3,000 members of the Cobham Pension Plan (“the Plan”).