General Motors secures £53m bulk annuity transaction with Aviva

Hope William-Smith
clock • 1 min read

General Motors has agreed a £53m bulk purchase annuity transaction with Aviva for the Vauxhall Associated Companies Pension Fund (VACPF).

The transaction insurers the benefits of 1,392 pensioner liabilities and comes after a record year for pensions net flows and bulk annuities for Aviva. The process to select an insurer for the d...

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