Institute of Civil Engineers scheme agrees £35m buy-in with Aviva

Deal insures the benefits of around 300 pension scheme members

Jasmine Urquhart
clock • 2 min read
The ICE scheme has completed a £35m buy-in with Aviva
Image:

The ICE scheme has completed a £35m buy-in with Aviva

The Institute of Civil Engineers (ICE) Staff Retirement Benefits & Life Assurance Scheme has agreed a £35m full scheme buy-in with Aviva.

The deal, completed last month, covers the benefits of around 300 members of the scheme, and was transacted following a "robust" review of the insurance market. Barnett Waddingham provided actua...

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

Jasmine Urquhart
Author spotlight

Jasmine Urquhart

Senior Correspondent at Professional Pensions

View profile
More from Jasmine Urquhart

Utmost posts 90% annual AUA increase after entrance to UK BPA market

Funding improvements expected across LGPS despite 'volatile period', Quantum says

More on Risk Reduction

ELG Metals UK scheme completes £28m buy-in with Just
Risk Reduction

ELG Metals UK scheme completes £28m buy-in with Just

Transaction secures the benefits of 99 deferred members and 81 pensioners

Martin Richmond
Martin Richmond
clock 24 April 2025 • 2 min read
Strategic run-on market set for influx of new entrants this year, EY report says
Risk Reduction

Strategic run-on market set for influx of new entrants this year, EY report says

Attractiveness of strategic run-on to grow as concept gains traction

Jasmine Urquhart
Jasmine Urquhart
clock 17 April 2025 • 3 min read
The real question trustees should be asking – why?
Risk Reduction

The real question trustees should be asking – why?

Antony Miller asks why innovation in DB consolidation is moving at such a snail’s pace

Antony Miller
clock 16 April 2025 • 3 min read
Trustpilot