Thomas Cook completes £900m buy-in with Aviva

Transaction secures benefits of over 12,500 members at PPF compensation levels

Martin Richmond
clock • 3 min read
Thomas Cook completes £900m buy-in with Aviva

The Thomas Cook Pension Plan has secured a £900m buy-in with Aviva, securing the benefits for over 12,500 scheme members.

The deal, which was completed yesterday (4 May), will see Aviva provide the scheme members with benefits at or above Pension Protection Fund (PPF) levels. The bulk purchase annuity transaction i...

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