Cineworld enters buyout with Aviva

James Phillips
clock • 1 min read

Cineworld has revealed it completed a buyout for its defined benefit (DB) pension scheme with Aviva Annuity UK last December at a cost of £4.8m.

The cinema chain, which used to be known as Metro-Goldwyn-Mayer (MGM), agreed the deal for the MGM pension scheme on 15 December 2016, with all members' benefits being secured by Aviva. The sche...

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

James Phillips
Author spotlight

James Phillips

Professional Pensions journalist from 2016-2022

More on Risk Reduction

John Cotton scheme secures £11m full buy-in deal with Just Group

John Cotton scheme secures £11m full buy-in deal with Just Group

Transaction secures the benefits of 48 deferred scheme members and 57 pensioners

Holly Roach
clock 26 August 2025 • 2 min read
SPM Plastics Pension Scheme secures £4m buyout with Just Group

SPM Plastics Pension Scheme secures £4m buyout with Just Group

Transaction fully secures the benefits of all 38 scheme members

Holly Roach
clock 21 August 2025 • 2 min read
ABB Plan secures £700m buy-in with Aviva

ABB Plan secures £700m buy-in with Aviva

Transaction secures the benefits of over 4,450 pensioner members and 2,900 deferred members.

Holly Roach
clock 20 August 2025 • 2 min read
Trustpilot