Aviva agrees £257m double buy-in deal with Northern Bank

A £227m deal was completed in September followed by a £30m agreement last month

Hope William-Smith
clock • 2 min read
Belfast, Northern Ireland
Image:

Belfast, Northern Ireland

Aviva has completed two pensioner buy-ins with the Northern Bank Pension Scheme totalling £257m.

The first transaction of around £227m was completed in September last year, while a further transaction last month insured a further £30m of recently retired pensioners. The defined benefit pens...

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

Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here

Join now

 

Already a Professional Pensions
member?

Login

Hope William-Smith
Author spotlight

Hope William-Smith

Editor at Professional Adviser

View profile
More from Hope William-Smith

Chair of The Pensions Ombudsman Caroline Rookes dies

DC pension holders now waiting an average of 29 days for transfers

More on Risk Reduction

LGPS surplus grows to £147bn on low-risk basis
Risk Reduction

LGPS surplus grows to £147bn on low-risk basis

Isio’s Low-Risk Funding Index finds funding level increased to 147%

Jasmine Urquhart
Jasmine Urquhart
clock 17 October 2025 • 1 min read
LCP says long-term run on could be valuable
Risk Reduction

LCP says long-term run on could be valuable

Analysis finds run-on could benefit schemes sponsors and members if risk managed well

Jasmine Urquhart
Jasmine Urquhart
clock 15 October 2025 • 1 min read
Unnamed scheme secures £96m buy-in with M&G
Risk Reduction

Unnamed scheme secures £96m buy-in with M&G

Transaction secures the benefits of over 1,000 scheme members

Holly Roach
Holly Roach
clock 15 October 2025 • 1 min read
Trustpilot