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.

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Phoenix Group Holdings plc published this content on 24 March 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 24 March 2022 08:47:06 UTC.