Sibelco scheme and Aviva agree £165m buy-in deal

Transaction secures the benefits of all 1,200 members of the scheme

Holly Roach
clock • 1 min read
Sibelco scheme and Aviva agree £165m buy-in deal

The Sibelco UK Occupational Pension Scheme has completed a £165m full buy-in deal with Aviva.

The transaction – completed in April – secures the benefits of 1,200 scheme members. Lane Clark & Peacock (LCP) acted as lead adviser on the deal, while Fieldfisher provided legal advice. Tru...

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

M&G completes £500m BPA deal that shares value with corporate sponsor

M&G completes £500m BPA deal that shares value with corporate sponsor

Transaction secures the benefits for around 3,200 pensioner and deferred members

Martin Richmond
clock 25 November 2024 • 3 min read
Aviva completes £1.7bn buy-in with National Grid scheme

Aviva completes £1.7bn buy-in with National Grid scheme

The buy-in insures the benefits for 5,800 pensioner members of the utility firm

Jonathan Stapleton
clock 25 November 2024 • 2 min read
Updated: The biggest buy-ins and buyouts since 2007

Updated: The biggest buy-ins and buyouts since 2007

Professional Pensions rounds up the largest block transfers of liabilities to insurers

Professional Pensions
clock 25 November 2024 • 1 min read
Trustpilot