John Laing secures £320m buy-in policy with Aviva

Deal agreed 13 years after first buy-in between the scheme and insurer

James Phillips
clock • 2 min read
John Laing secures £320m buy-in policy with Aviva

The John Laing Pension Fund has concluded a £320m pensioner buy-in with Aviva in its second bulk annuity transaction.

Sponsored by an infrastructure investor and manager, the scheme has insured liabilities for a further 1,850 pensioners. This follows a £211m transaction with Aviva in 2008. Trustee chair Mike Cl...

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

Join now

 

Already a Professional Pensions
member?

Login

James Phillips
Author spotlight

James Phillips

Professional Pensions journalist from 2016-2022

More on Risk Reduction

Kion Group completes £250m full buy-in with Canada Life

Kion Group completes £250m full buy-in with Canada Life

Deal covers five different DB schemes within the group

Holly Roach
clock 02 December 2024 • 2 min read
Wednesbury Pension Scheme completes £43m buy-in with Just

Wednesbury Pension Scheme completes £43m buy-in with Just

Transaction secures the benefits of all 384 scheme members, including 321 pensioner members

Jasmine Urquhart
clock 26 November 2024 • 1 min read
M&G completes £500m BPA deal that shares value with corporate sponsor

M&G completes £500m BPA deal that shares value with corporate sponsor

Transaction secures the benefits for around 3,200 pensioner and deferred members

Martin Richmond
clock 25 November 2024 • 3 min read
Trustpilot