Score of 86.7/100 qualifies for PaymentCheck Certification
| Reporting Period | Filing Date | Average Time to Pay (days) | Paid within 30 days | Paid 31-60 days | Paid after 60 days | Not Paid within Terms |
|---|---|---|---|---|---|---|
| 01 Jan 2025 - 30 Jun 2025 | 31 Jul 2025 | 14 | 79% | 14% | 7% | 21% |
| 01 Jul 2024 - 31 Dec 2024 | 29 Jan 2025 | 12 | 83% | 10% | 7% | 0% |
| 01 Jan 2024 - 30 Jun 2024 | 26 Jul 2024 | 25 | 63% | 24% | 13% | 37% |
| 01 Jul 2023 - 31 Dec 2023 | 05 Feb 2024 | 24 | 63% | 27% | 10% | 37% |
| 01 Jan 2023 - 30 Jun 2023 | 31 Jul 2023 | 24 | 76% | 19% | 5% | 24% |
| 01 Jan 2022 - 30 Jun 2022 | 30 Aug 2022 | 24 | 75% | 23% | 2% | 25% |
| 01 Jul 2021 - 31 Dec 2021 | 27 Jan 2022 | 20 | 89% | 10% | 1% | 11% |
| 31 Dec 2020 - 30 Jun 2021 | 27 Jul 2021 | 20 | 86% | 12% | 2% | 14% |
| 01 Jul 2020 - 31 Dec 2020 | 09 Feb 2021 | 24 | 82% | 15% | 3% | 18% |
| 31 Dec 2019 - 30 Jun 2020 | 13 Jul 2020 | 20 | 90% | 10% | 0% | 10% |
| 01 Jul 2018 - 31 Dec 2018 | 30 Jan 2019 | 16 | 89% | 8% | 3% | 11% |
| 01 Jan 2018 - 30 Jun 2018 | 31 Jul 2018 | 14 | 94% | 5% | 1% | 6% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
PLRS negotiates payment terms with vendors on a contract by contract basis, with the majority of contracts having a 30-day payment term.
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
N/A
Maximum contractual payment period agreed
90
PL Re strives to resolve all disputes fairly and promptly by encouraging the parties involved to reach a mutually acceptable agreement through direct discussions.
Has this business signed up to a code of conduct or standards on payment practices?
For example, signatories to The Prompt Payment Code must commit to paying 95% of their invoices within 60 days.
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Does this business offer e-invoicing in relation to qualifying contracts?
This is where suppliers can electronically submit and track invoices. It's not just allowing suppliers to email them an invoice.
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Does this business offer supply chain finance?
This is where a supplier who has submitted an invoice can be paid by a third-party finance provider earlier than the agreed payment date. The business would then pay the finance provider the invoiced sum.
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Under its payment practices and policies, can this business deduct sums from payments under qualifying contracts as a charge for remaining on a supplier list?
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During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
Pacific Life Re Services Limited is a UK-registered company within the Pacific Life Re group, part of Pacific Life, a mutual insurance group. Its registered business classifications cover activities auxiliary to insurance and pension funding, and head office functions, indicating it provides administrative or support services to the wider group rather than trading directly with policyholders. The Pacific Life Re group itself operates as a global life reinsurer across Europe, Asia, Australia and North America, offering protection, savings and retirement reinsurance products. This entity's role sits within that structure, supporting group operations rather than independently underwriting reinsurance business.
Generated from the company's website and Companies House records. Sources: pacificlifere.com