Kingfisher scheme agrees £900m buy-in with Aviva

Third bulk annuity for the scheme after 2016 and 2018 deals with PIC and L&G

James Phillips
clock • 2 min read
Kingfisher manages brands including B&Q
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Kingfisher manages brands including B&Q

The Kingfisher Pension Scheme has agreed its third buy-in, concluding a £900m buy-in contract with Aviva earlier this month.

The benefits of over 8,000 pensioner members are insured through this transaction, with Aviva taking over the investment and longevity risks associated with their liabilities. The British multinational...

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