Broadcasting Support Services scheme completes £6m PPF+ buyout with Aviva

First Actuarial and BESTrustees worked together with insurer to help secure benefits of 59 members

Jonathan Stapleton
clock • 1 min read
Ann Rigby: This is a great result for the scheme members
Image:

Ann Rigby: This is a great result for the scheme members

The Broadcasting Support Services Pension Scheme has completed a £6m buyout, securing benefits for 59 members with Aviva.

In the almost a decade since the sponsoring employer went into liquidation, the scheme entered Pension Protection Fund (PPF) assessment, coming out of it when the scheme's assets were found to be m...

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

Wednesbury Pension Scheme completes £43m buy-in with Just

Wednesbury Pension Scheme completes £43m buy-in with Just

Transaction secures the benefits of all 384 scheme members, including 321 pensioner members

Jasmine Urquhart
clock 26 November 2024 • 1 min read
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
Trustpilot