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...

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

More on Risk Reduction

Oil and gas sector scheme secures £48m buy-in with Canada Life

Oil and gas sector scheme secures £48m buy-in with Canada Life

Transaction secures the benefits of 500 pensioner and deferred members

Holly Roach
clock 02 July 2026 • 1 min read
Royal Institute of British Architects scheme completes £35m buy-in with PIC

Royal Institute of British Architects scheme completes £35m buy-in with PIC

Transaction secures the benefits of 186 scheme members

Holly Roach
clock 25 June 2026 • 2 min read
Energy market pension scheme secures £55m buy-in with Canada Life

Energy market pension scheme secures £55m buy-in with Canada Life

Transaction secures the benefits of 250 pensioners and 450 deferred members

Holly Roach
clock 18 June 2026 • 1 min read
Trustpilot