European Metal Recycling scheme agrees £33m buy-in with Aviva

Transaction secures the benefits of 217 deferred and pensioner members

Holly Roach
clock • 2 min read
European Metal Recycling scheme agrees £33m buy-in with Aviva

The European Metal Recycling Limited Pension and Life Assurance Scheme has sealed a £33m buy-in deal with Aviva.

The deal – completed in May 2024 – secures the defined benefit (B) pension liabilities of 217 deferred and pensioner members of the scheme, which is sponsored by global scrap metal firm European Me...

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Holly Roach
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Holly Roach

News Editor at Professional Pensions

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