PGIM joins CVC-led consortium backing Standard Life UK pension risk transfer venture with up to £2 billion commitment

• PGIM joined a consortium backing Standard Life’s UK pension risk transfer expansion, targeting larger defined-benefit schemes, subject to regulatory approval.
• Partnership funded by up to GBP 2 billion of initial capital commitments over five years, including GBP 500 million from Standard Life.
• Platform pairs Standard Life’s PRT underwriting with global private markets origination from consortium partners to broaden capacity.
• PGIM to originate assets to back pension liabilities for the new partnership and Standard Life’s existing PRT business.

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