Investment - Articles - Standard Life complete buyin with IBM IT Solutions Pension

The Trustee selected Standard Life for the transaction following a competitive process. It builds on an existing relationship between Standard Life and IBM, with Standard Life already operating the IBM UK Personal Pension Plan.

 

The transaction was completed in November 2025. WTW acted as lead transaction adviser, as well as providing actuarial and investment advice to the Trustee. Sackers provided legal advice to the Trustee.

 

Jack Hill, Director of Defined Benefit Solutions at Standard Life, said: “It’s been a pleasure to work with the Trustee and its advisers on a transaction where the I Plan members remained central to the process from start to finish. During the competitive selection, the Trustee prioritised an insurer that could provide clarity, confidence, and excellent member experience. Building on an established relationship with IBM, Standard Life is delighted to have the opportunity to reinforce our shared commitment to supporting members now and in the future.”

 

Robert Tickell, Trustee Chair, said: “We are delighted to have achieved this significant milestone in the I Plan’s de-risking journey. WTW led a thorough and competitive selection process, which led to an excellent outcome for our members. Following which we chose Standard Life as our preferred partner. Standard Life’s strong brand and member-focused proposition played a key role in our decision. The transaction was completed smoothly, and we’d like to take the opportunity to thank all parties for working collaboratively to achieve the best outcome for our members.”

 

Greg Robertson, Director of Pension Risk Transfer at WTW, said: “This transaction was strategically positioned in the market to maximise insurer engagement. This approach resulted in a highly competitive process and an excellent outcome for the Trustee.”