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

  • 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

More on Risk Reduction

Cable and Wireless fund and L&G sign £340m buy-in

Cable and Wireless fund and L&G sign £340m buy-in

Deal secures the benefits of around 1,800 retirees and deferred scheme members

Holly Roach
clock 21 September 2023 • 2 min read
Risk transfer volumes expected to continue increasing into H2

Buy-in and buyout volumes hit £21.3bn in first six months of year

Hymans Robertson says H1 was the busiest ever for the risk transfer market

Jasmine Urquhart
clock 20 September 2023 • 2 min read
M&G re-enters market with two buy-in deals totalling £617m

M&G re-enters market with two buy-in deals totalling £617m

Insurer re-enters market to secure the benefits for the members of two schemes

Martin Richmond
clock 20 September 2023 • 2 min read
Trustpilot