Standard Life completes £700m BPA with the Deloitte UK pension scheme
The transaction secures the benefits of all pensioner and deferred members of the legacy defined benefit scheme.
The transaction secures the benefits of all pensioner and deferred members of the legacy defined benefit scheme.
The scheme covers 39 deferred members and 82 pensioner members and is sponsored by British Board of Agrément Holdings Limited.

The scheme, sponsored by Finnair Oyj, covered all 20 previously uninsured members and was finalised in October 2025.
L&G has now taken over paying and administering benefits, which lets the scheme wind up and the PMI meet its obligations to members.

The firm reported that trustees are doing more checks on insurers’ admin capabilities to see what kind of service members will get both during and after the transaction.
Quantum Advisory provided actuarial, investment and administration services, with Just Group acting as insurer.

Research found that 76% of professional trustees saw delays after full scheme buy-in, with the average delay at six months.

The scheme is sponsored by Gleaner Limited, a fuel supplier based in Elgin, Scotland.
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