Standard Life, part of Phoenix Group, has concluded a £130 million bulk purchase annuity transaction covering all pensioner and deferred members of the PerkinElmer (UK) Pension Scheme. This is the first transaction completed under Phoenix Group's recently acquired Standard Life brand, which is well-established in the savings and retirement market.

The BPA market continues to be a core part of Phoenix Group's growth strategy and Phoenix is now leveraging the strength of the Standard Life brand in this market.

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Phoenix Group Holdings plc published this content on 21 October 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 04 November 2021 13:34:10 UTC.