Inchcape secures buyout for TKM scheme

Stephanie Baxter
clock

Inchcape has wound up the TKM Group scheme through a buyout with Aviva that covers £300m of pension liabilities.

The deal, which was completed within two months of the initial conversation, involves Aviva assuming responsibility for paying pensions to over 3,000 retired members and 1,700 deferred members. ...

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

LCP says long-term run on could be valuable

LCP says long-term run on could be valuable

Analysis finds run-on could benefit schemes sponsors and members if risk managed well

Jasmine Urquhart
clock 15 October 2025 • 1 min read
Unnamed scheme secures £96m buy-in with M&G

Unnamed scheme secures £96m buy-in with M&G

Transaction secures the benefits of over 1,000 scheme members

Holly Roach
clock 15 October 2025 • 1 min read
Ferno UK pension scheme  secures £4m buy-in with L&G

Ferno UK pension scheme secures £4m buy-in with L&G

Deal secures benefits of around 100 members and means all members are insured

Jasmine Urquhart
clock 09 October 2025 • 2 min read
Trustpilot