Interserve Pension Scheme enters £300m buy-in with Aviva

Stephanie Baxter
clock

The Interserve Pension Scheme has entered a buy-in arrangement with Aviva to insure £300m of its pensioner liabilities.

The deal will de-risk the scheme by protecting around 35% of liabilities from fluctuating interest rates, inflation and mortality risk. Trustee board chairman David Trapnell said: "This transact...

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

Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here

Join now

 

Already a Professional Pensions
member?

Login

More on Risk Reduction

WCF Staff Retirement Benefits Scheme secures £7.2m buy-in with L&G

WCF Staff Retirement Benefits Scheme secures £7.2m buy-in with L&G

Transaction secures the benefits of all remaining 122 deferred scheme members

Holly Roach
clock 08 August 2025 • 2 min read
Section of the MMC UK scheme completes £1.9bn buy-in with Standard Life

Section of the MMC UK scheme completes £1.9bn buy-in with Standard Life

Transactions insures the benefits of 6,500 scheme members

Holly Roach
clock 06 August 2025 • 2 min read
DB scheme funding improves in July, Broadstone finds

DB scheme funding improves in July, Broadstone finds

Broadstone Sirius Index records fully hedged scheme position at 70.9%

Jasmine Urquhart
clock 06 August 2025 • 1 min read
Trustpilot