Aviva

Largest BPA transaction of 2024 so far and Aviva’s largest external deal ever

New joiners take number of commercial operators in coalition to 15

Royal London enters BPA market, TPR report, two risk reduction deals, and Enplan adds scheme to consolidation platform

Deal is culmination of years of ‘prudent management’ by the trustee and secures benefits of all members

Consultancy says smaller schemes dominated market activity in H1, with £40bn of transactions predicted

Further LTA abolition regulations, £200m buy-in agreed, IFS recommendations on AE reform

Transaction secures the benefits of around 2,500 scheme members

Scheme’s second buy-in transaction secures the benefits of 18,042 members

Transaction fully secures the benefits of all the scheme’s retirees and deferred members

Campaign calls for pensions industry to ‘wake up to the climate emergency’