Picture of Standard Life logo

SDLF — Standard Life News Story

0.000.00%
gb flag iconLast trade - 00:00
FinancialsBalancedLarge CapTurnaround

Brief: Standard Life Announces Partnership To Expand Pension Risk Transfer Business

BRIEF-Standard Life Announces Partnership To Expand Pension Risk Transfer Business

- Standard Life PLC SDLF.L:

  • STANDARD LIFE PLC - LAUNCH OF UK PENSION RISK TRANSFER PARTNERSHIP

  • STANDARD LIFE - ANNOUNCES PARTNERSHIP TO EXPAND PENSION RISK TRANSFER BUSINESS

  • STANDARD LIFE - PARTNERSHIP TO BE FUNDED BY INITIAL CAPITAL COMMITMENT OF UP TO £2 BILLION OVER FIVE YEARS

  • STANDARD LIFE - TO CONTROL 51% OF SHAREHOLDER VOTING RIGHTS IN PARTNERSHIP AT COMPLETION

  • STANDARD LIFE - TO FUND £500 MILLION CAPITAL COMMITMENT OVER FIVE YEARS FROM EXCESS CASH GENERATION

  • STANDARD LIFE - FIRST CAPITAL CONTRIBUTION EXPECTED IN FIRST HALF OF 2027 FOLLOWING REGULATORY APPROVALS

Source text: ID:nRST3992Ra

Further company coverage: SDLF.L


((Reuters.Briefs@thomsonreuters.com;))

Recent news on Standard Life

See all news