Aviva completes £1.7bn buy-in with its staff pension scheme

Kim Kaveh
clock • 1 min read

Aviva Life and Pensions UK has completed a £1.7bn bulk annuity buy-in with the Aviva Staff Pension Scheme.

The deal - which completed this week - insured the defined benefit pension liabilities of around 4,300 deferred and 1,500 current pensioner members, and removed the investment and longevity risk of...

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

A bird in the hand: The additional factors for trustees to consider around endgame planning

A bird in the hand: The additional factors for trustees to consider around endgame planning

Claire Altman says we need to ensure schemes have the information to make the best choice

Claire Altman
clock 28 November 2025 • 3 min read
BBC Pension Scheme completes £6bn longevity swap

BBC Pension Scheme completes £6bn longevity swap

Transaction with Zurich and MetLife is second step in scheme’s phased longevity hedging programme

Holly Roach
clock 20 November 2025 • 2 min read
Dolce pension scheme completes £9.3m buy-in with Just Group

Dolce pension scheme completes £9.3m buy-in with Just Group

Risk reduction transaction secures the benefits of 510 scheme members

Martin Richmond
clock 19 November 2025 • 2 min read
Trustpilot