Civil Aviation Authority and Sydney Packett & Sons agree bulk annuities with L&G and Aviva

James Phillips
clock • 3 min read

The Civil Aviation Authority (CAA) and Sydney Packett & Sons have agreed bulk annuity deals for their pension schemes with Legal & General (L&G) respectively.

The CAA Pension Scheme (CAAPS) has insured around £110m of CAA section benefits via a buy-in this year, while Sydney Packett & Sons commenced a £5m buyout in the final quarter of 2020. In the fo...

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

James Phillips
Author spotlight

James Phillips

Professional Pensions journalist from 2016-2022

More on Risk Reduction

LGPS surplus grows to £147bn on low-risk basis

LGPS surplus grows to £147bn on low-risk basis

Isio’s Low-Risk Funding Index finds funding level increased to 147%

Jasmine Urquhart
clock 17 October 2025 • 1 min read
LCP says long-term run on could be valuable

LCP says long-term run on could be valuable

Analysis finds run-on could benefit schemes sponsors and members if risk managed well

Jasmine Urquhart
clock 15 October 2025 • 1 min read
Unnamed scheme secures £96m buy-in with M&G

Unnamed scheme secures £96m buy-in with M&G

Transaction secures the benefits of over 1,000 scheme members

Holly Roach
clock 15 October 2025 • 1 min read
Trustpilot