Co-op agrees £350m buy-in with Aviva

James Phillips
clock • 1 min read

The Co-operative Pension Scheme (Pace) has entered into its fourth bulk annuity transaction of 2020, agreeing a £350m buy-in with Aviva.

The risk transfer deal will cover the benefits of 2,300 members and takes advantage of an umbrella contract with Aviva agreed as part of a £1bn transaction earlier this year. The scheme had also...

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James Phillips
Author spotlight

James Phillips

Professional Pensions journalist from 2016-2022

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