Castings enters into buy-in contract with Aviva

James Phillips
clock • 1 min read

Castings has agreed a £72m buy-in contract for its two defined benefit pension schemes with Aviva.

The iron castings manufacturer confirmed the transaction, which incepted in March, covers the remaining pension liabilities of the scheme for all 377 members. Mercer provided advice for the deal...

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James Phillips
Author spotlight

James Phillips

Professional Pensions journalist from 2016-2022

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