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

James Phillips
clock • 3 min read
The aviation scheme already has £1.8bn of bulk annuity policies
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The aviation scheme already has £1.8bn of bulk annuity policies

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 former...

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