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 • 2 min read
The deal is with the National Grid section of the ESPS
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The deal is with the National Grid section of the ESPS

Aviva has announced the completion of a £1.7bn pensioner buy-in with the National Grid Electricity Group of the Electricity Supply Pension Scheme.

The transaction – which completed in October 2024 – included transitioning National Grid's existing longevity swap with Zurich Assurance to Aviva. The buy-in insures the benefits for 5,800 pensione...

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