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

Kim Kaveh
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Aviva said this is its first buy-in as part of a long-term plan to de-risk the scheme
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Aviva said this is its first buy-in as part of a long-term plan to de-risk the scheme

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 these...

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