Jamie Cole

The Unomedical Pension Plan has agreed to a £10m buyout of its 65 members’ liabilities with Aviva.

Keen insurer pricing and streamlined services will lead to a surge in demand from smaller schemes to undertake bulk annuity transactions, Lane Clark & Peacock (LCP) predicts.

The British Bankers’ Association Pension Scheme (BBA) has completed a £95m bulk purchase annuity transaction with Aviva.

Nimble footwork enables small schemes to compete with the big boys in the buyout market, says Stephanie Hawthorne.

Textiles company AW Hainsworth has secured a buyout for its defined benefit pension scheme in a deal worth £2.3m.