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

Utmost looks to client proposition following BPA progress this year

Utmost looks to client proposition following BPA progress this year

Insurer ‘proud’ of momentum in the year since its launch into bulk annuity market

Jonathan Stapleton
clock 10 September 2025 • 1 min read
Pension Insurance Corporation posts half year results

Pension Insurance Corporation posts half year results

Insurer completes deals worth £1.1bn with eight schemes in first six months of year

Jonathan Stapleton
clock 09 September 2025 • 1 min read
Pandrol scheme completes £45m buy-in with Royal London

Pandrol scheme completes £45m buy-in with Royal London

Risk reduction transaction secures the benefits of around 200 scheme members

Martin Richmond
clock 09 September 2025 • 2 min read
Trustpilot