General Motors secures £53m bulk annuity transaction with Aviva
General Motors has agreed a £53m bulk purchase annuity transaction with Aviva for the Vauxhall Associated Companies Pension Fund (VACPF).
The transaction insurers the benefits of 1,392 pensioner liabilities and comes after a record year for pensions net flows and bulk annuities for Aviva. The process to select an insurer for the deal...
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