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This is Co-op's fourth bulk annuity this year
The Co-operative Pension Scheme (Pace) has entered into its fourth bulk annuity transaction of 2020, agreeing a £350m buy-in with Aviva.
The risk transfer deal will cover the benefits of 2,300 members and takes advantage of an umbrella contract with Aviva agreed as part of a £1bn transaction earlier this year. The scheme had also completed...
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