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Standard Life, which is part of Phoenix Group, has concluded a £114 million Bulk Purchase Annuity transaction covering roughly 1,800 members of the Vector Pension Scheme, which is sponsored by Vector Industries Limited. This is a full scheme bulk purchase annuity arrangement. The Trustee of the Scheme worked with Standard Life over an extended period…
The Vector Pension Scheme has completed a £114m full buy-in with Standard Life covering the benefits of approximately 1,800 members of the scheme.
One local non-profit leader fears that the increase in minimum wage may eventually force small businesses and organizations in Virginia to eliminate hiring disabled people.
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