Thought leadership
Related News & Insights
NEWS: February 2026
BESTrustees and the Deloitte UK DB pension scheme completes £700m Bulk Purchase Annuity
BESTrustees client, the Deloitte UK pension scheme (DUKPS) section of the Pensions Master Plan, has concluded a £700 million Bulk Purchase Annuity (BPA) transaction with Standard Life, securing the benefits of all pensioner and deferred members of the legacy defined benefit scheme. The transaction completed in January 2026 and is to be followed by an accelerated move to full buyout by April 2026. As part of the transaction, Standard Life will equalise Guaranteed Minimum Pensions (GMP) on behalf of the Scheme following buyout. This will involve Standard Life taking on additional responsibilities compared to a typical transaction, undertaking both the …
NEWS: January 2026
BESTrustees and PIC complete £213 million full buy-in for Siemens Healthineers Benefits Scheme
The Trustees of the Siemens Healthineers Benefits Scheme has concluded a £213 million full buy-in with PIC, securing the benefits of 703 pensioners and 967 deferred members and dependants. BESTrustees acts as independent Chair of Trustees of the Scheme.
NEWS: November 2025
BESTrustees, Isio and Utmost complete two full scheme buy-ins for the Stonegate Pub Company Limited pension schemes
BESTrustees’ pension scheme client, the Stonegate Pub Company Limited, has successfully completed bulk purchase annuity buy-ins with Isio and Utmost Life and Pensions for the Laurel Pub Pension Scheme and the Yates Group Pension Scheme. Both schemes are sponsored by Stonegate, the UK’s largest pub group. The £62 million transactions will ensure the defined benefit pension liabilities for all the Schemes’ members , removing investment and longevity risk from the Schemes, and giving the 650 members improved security. The transactions were run by a joint working group of the Schemes’ Trustees and Stonegate Pub Company Limited, supported by their respective …
