Aviva completes £1.7bn buy-in with its staff pension scheme

Kim Kaveh
clock • 1 min read

Aviva Life and Pensions UK has completed a £1.7bn bulk annuity buy-in with the Aviva Staff Pension Scheme.

The deal - which completed this week - insured the defined benefit pension liabilities of around 4,300 deferred and 1,500 current pensioner members, and removed the investment and longevity risk of...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Join now

 

Already a Professional Pensions
member?

Login

More on Risk Reduction

Clark & Butcher scheme secures £2m buy-in with Just Group

Clark & Butcher scheme secures £2m buy-in with Just Group

Deal secures the benefits of 15 pensioners and eight deferred scheme members

Holly Roach
clock 28 March 2025 • 1 min read
'Massive' queue of schemes looking to buyout, Hymans says

'Massive' queue of schemes looking to buyout, Hymans says

Industry panel says growth in market has led to an increase in schemes looking to buyout

Martin Richmond
clock 28 March 2025 • 2 min read
Six BPA insurers wrote deals of more than £5bn for first time last year

Six BPA insurers wrote deals of more than £5bn for first time last year

LCP says last year ‘most competitive year ever’ for BPA insurers

Jasmine Urquhart
clock 27 March 2025 • 2 min read
Trustpilot