Standard Life Launches 2.7B UK Pension Venture
Standard Life announced a pension risk transfer partnership backed by up to two billion pounds with a CVC and Prudential Financial-led consortium. The venture targets large UK defined-benefit pension schemes to capture growing de-risking demand.
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Standard Life launched a $2.72B pension risk transfer venture backed by CVC CAPITAL PARTNERS PLC and PRUDENTIAL FINANCIAL INC on Thursday morning. The five-year partnership targets large corporate defined-benefit schemes in the United Kingdom. The deal connects institutional capital with retirement de-risking demand as private firms expand into insurance markets.
