Coats scheme completes £350m buy-in with Aviva

The bulk annuity deal insures the DB liabilities for around 3,700 members

Holly Roach
clock • 1 min read
Coats scheme completes £350m buy-in with Aviva

The Coats UK Pension Scheme has completed a £350m bulk purchase annuity (BPA) buy-in transaction with Aviva, insuring the defined benefit pension liabilities of around 3,700 members.

Through the deal, Aviva has removed the investment and longevity risk for scheme members and confirmed members will see no change in the amount of their benefits or the way in which they are paid. ...

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

More on Risk Reduction

Grant Thornton scheme completes £275m buy-in with Royal London

Grant Thornton scheme completes £275m buy-in with Royal London

Deal includes more than 2,200 members and is insurer’s largest external BPA deal to date

Jasmine Urquhart
clock 05 June 2025 • 2 min read
London Waste scheme completes £22m buy-in with Royal London

London Waste scheme completes £22m buy-in with Royal London

Bulk annuity transaction secures the benefits for around 200 members

Martin Richmond
clock 30 May 2025 • 2 min read
Morrisons bags £270m buy-in deal with Aviva

Morrisons bags £270m buy-in deal with Aviva

Third deal with the supermarket chain and the insurer secures benefits of 32,000 deferred members

Holly Roach
clock 28 May 2025 • 2 min read
Trustpilot