Co-op scheme completes £1bn buy-in with Aviva
The Co-operative Pension Scheme, known as Pace, has completed a £1bn buy-in with Aviva in the first announced bulk annuity deal of 2020.
The deal, announced today (29 January), covers the liabilities of around 7,000 members and 12% of scheme assets, removing the investment and longevity risk associated with them. Aviva was selected after...
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