Fujitsu scheme completes full buy-in with Aviva

31-member deal comes after enhanced covenant and security package from sponsor

James Phillips
clock • 1 min read
Peter Thompson is a Capital Cranfield trustee and sole trustee of the scheme
Image:

Peter Thompson is a Capital Cranfield trustee and sole trustee of the scheme

The Fujitsu General (UK) Co. Limited Pension and Life Assurance Plan has agreed a £7.7m full scheme buy-in with Aviva.

The transaction completed in June and covers the benefits of 31 members, following the introduction of a new covenant and security package with the sponsor. Capital Cranfield professional truste...

To continue reading this article...

Join Professional Pensions

  • Unlimited access to real-time news, analysis and opinion from the industry
  • Receive our in-depth monthly magazine in either print or digital format
  • Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
  • Receive important and breaking news stories selected by the Editors in our daily newsletter
  • Hear from industry experts and other forward-thinking leaders
  • Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date

Join now

 

Already a Professional Pensions member?

Login

James Phillips
Author spotlight

James Phillips

Professional Pensions journalist from 2016-2022

More on Risk Reduction

February gilt rate rise sparks call for DB 'spring clean'

February gilt rate rise sparks call for DB 'spring clean'

Broadstone says DB funding positions remain stable but buyout positions are improving

Jonathan Stapleton
clock 08 March 2023 • 3 min read
Barnett Waddingham found there were just four bulk exercises carried out in Q4 of 2022

Significant drop seen in transfer activity in 2022

Transfer payments fell by 50% and value requests by 35% compared to previous year

Jasmine Urquhart
clock 07 March 2023 • 2 min read
Spirent scheme completes £142m buy-in with PIC

Spirent scheme completes £142m buy-in with PIC

The transaction means all DB liabilities of the pension plan have now been fully insured

Holly Roach
clock 07 March 2023 • 2 min read
Trustpilot