Standard Life launches £2bn pension risk transfer partnership
By Benjamin Chiou
Date: Thursday 20 Aug 2026
(Sharecast News) - Standard Life has announced the launch of a UK pension risk transfer partnership with a consortium of firms, including Goldman Sachs, with a combined initial capital commitment of up to £2bn.
The UK insurer said it is partnering with CVC Capital Partners, Prudential Financial, Goldman Sachs, MS&AD Insurance Group and other long-term institutional investors to expand its pension risk transfer business to support schemes across a broader range of defined benefit pension schemes.
Standard Life, which will receive fee-based payments from the consortium for its oversight, operational services and origination of PRT transactions, will commit £500m over five years, funded from excess generation.
It expects the partnership to generate "attractive returns", with "minor" impacts on its capital coverage ratio and Solvency II debt leverage ratio.
"By bringing together our comprehensive PRT capabilities with our partners' specialist private markets capabilities and significant capital resources, coupled with a trusted and well-known brand in Standard Life, we will be able to offer trustees and sponsors for the largest pension schemes an alternative to secure the pensions of their members across the UK," said Standard Life chief executive Andy Briggs.
"This partnership further accelerates Standard Life's vision to become the UK's leading retirement savings and income business."
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