RAC Pension Scheme agrees £1.3bn buy-in deal with Aviva

Transaction secures the benefits of around 19,000 pension scheme members

Holly Roach
clock • 1 min read
RAC Pension Scheme agrees £1.3bn buy-in deal with Aviva

The RAC (2003) Pension Scheme has agreed a £1.3bn buy-in deal with Aviva, securing the benefits of around 19,000 members.

The full scheme buy-in – completed in August – includes the novation of an existing longevity swap and a transfer of illiquid assets. Hymans Robertson advised the scheme trustees and legal advic...

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

Holly Roach
Author spotlight

Holly Roach

News Editor at Professional Pensions

View profile
More from Holly Roach

Barnett Waddingham hits £160m revenue in 2023/24

Smart Pension launches simulator to assist members with 'pension puzzle'

More on Risk Reduction

Superfunds to take on 'more leading role' in risk transfer
Risk Reduction

Superfunds to take on 'more leading role' in risk transfer

Hymans Robertson says ‘changing market dynamic’ will boost the role of superfunds

Jasmine Urquhart
Jasmine Urquhart
clock 20 November 2024 • 1 min read
Schemes urged to 'tackle the tough questions' when deciding endgame strategy
Risk Reduction

Schemes urged to 'tackle the tough questions' when deciding endgame strategy

LCP urges stakeholders to ‘grasp the nettle’ to avoid ‘sleepwalking’ into endgame strategy

Jonathan Stapleton
Jonathan Stapleton
clock 19 November 2024 • 2 min read
Walkers Shortbread scheme bakes up £34m buy-in deal with L&G
Risk Reduction

Walkers Shortbread scheme bakes up £34m buy-in deal with L&G

Transaction secures the benefits of 161 retirees and 238 deferred members

Holly Roach
Holly Roach
clock 14 November 2024 • 2 min read
Trustpilot