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Standard Life to launch £2bn PRT partnership to target largest DB schemes


By Callum Conway

Standard Life is set to launch a new pension risk transfer (PRT) partnership backed by up to £2bn of initial capital, with the goal of expanding its reach into the largest and most complex defined benefit (DB) pension schemes.

The partnership, which remains subject to regulatory approval, brings together Standard Life with CVC Capital Partners, Prudential Financial Inc. (PFI), Goldman Sachs, MS&AD and other long-term institutional investors


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FCA bans and fines former director and CEO for high-risk pension investments

The Financial Conduct Authority (FCA) has banned Demetrios Hadjigeorgiou of SVS Securities from working in financial services, and fined him £56,400, for failing to properly manage SVS and protect its customers’ interests

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Altro Pension Scheme secures £85m BPA deal with M&G

The Altro Pension Scheme has completed an £85m bulk purchase annuity (BPA) transaction with M&G, securing the benefits of 740 scheme members and their dependants

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DB surplus reforms risk 'not delivering' if treated as isolated initiative

The government’s proposed defined benefit (DB) surplus reforms risk undermining the wider pensions endgame strategy unless they are better aligned with the permanent regime for DB superfunds, New Capital Consensus (NCC) has warned

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DB scheme sponsors reviewing long-term pension strategies

Two thirds (66 per cent) of companies with defined benefit (DB) pension schemes have already reviewed their long-term pensions strategy in response to improved funding and the growing range of endgame options, according to a report from Independent Governance Group (IGG)

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Isio acquires Trafalgar House Pensions Administration

Isio has acquired Trafalgar House Pensions Administration Limited (THPA) in a move aimed at expanding its pensions administration capabilities and increasing the range of schemes it can support

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Half of DB schemes yet to set long-term funding targets

Half of medium-sized defined benefit (DB) schemes and almost two-thirds (64 per cent) of very large schemes are yet to set their long-term funding targets, according to research from Barnett Waddingham (BW)

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Institute of Chartered Accountants scheme completes £58m partial buy-in with PIC

The Institute of Chartered Accountants’ Staff Pensions Fund has announced a £58m partial buy-in with Pension Insurance Corporation (PIC)
Policy change and geopolitical uncertainty drive DB sponsor profit warnings

Policy change and geopolitical uncertainty were cited in nearly two thirds (63 per cent) of profit warnings by UK-listed firms with defined benefit (DB) pension schemes in the first half of 2026, according to EY-Parthenon’s latest Profit Warnings report
GLIL Infrastructure set to expand as pension investors commit £400m

GLIL Infrastructure investment fund has received an additional £400m in commitments from its existing investors LPPI, West Yorkshire Pension Fund, Merseyside Pension Fund and Greater Manchester Pension Fund
UK savers could be missing £26,000 in lost pensions; Wales tops 'hotspot' areas

UK savers could be missing out on more than £26,000 in forgotten pension savings after losing track of old workplace pots, with Wales emerging as the country’s largest potential lost pension 'hotspot', according to research from Moneybox

Smaller schemes urged to look beyond connection and address dashboards data weaknesses

Smaller pension schemes could face disproportionate operational pressure from limited resources and historic data gaps as they prepare for the public launch of the MoneyHelper Pensions Dashboard (MHPD), according to Lumera
Advisers increasingly see retirement support as key differentiator for pension providers

Almost half (48 per cent) of independent financial advisers (IFAs) believe retirement support is becoming the key differentiator between workplace pension providers, while 64 per cent feel providers still look too similar, research from People’s Pension has found


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