St Paul's Cathedral scheme signs £18m buy-in with Aviva

Bulk purchase annuity transaction secures the benefits of all scheme members

Holly Roach
clock • 2 min read
St Paul's Cathedral and Aviva have completed an £18m buy-in with LCP's streamlined service
Image:

St Paul's Cathedral and Aviva have completed an £18m buy-in with LCP's streamlined service

The St Paul’s Cathedral Pension and Life Assurance Scheme has completed an £18m buy-in deal with Aviva, securing the benefits of all scheme members.

The bulk purchase annuity transaction - completed within three weeks of selecting the preferred insurer - was completed without an additional contribution from the scheme's sponsoring employer, St ...

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

Aon launches Future DB to streamline endgame journeys

Aon launches Future DB to streamline endgame journeys

Head of UK retirement Ben Roe says newly announced surplus flexibilities are prompting schemes to revisit endgame decisions

Jonathan Stapleton
clock 03 August 2026 • 4 min read
Hickson scheme completes £208m buy-in with Royal London

Hickson scheme completes £208m buy-in with Royal London

BPA transaction secures the benefits of more than 1,250 members of the scheme

Martin Richmond
clock 31 July 2026 • 1 min read
Aston Martin scheme and Aviva manufacture £180m full buy-in deal

Aston Martin scheme and Aviva manufacture £180m full buy-in deal

Transaction secures the benefits of 540 pensioners and 1,050 deferred members

Holly Roach
clock 29 July 2026 • 2 min read
Trustpilot