Sibelco scheme and Aviva agree £165m buy-in deal

Transaction secures the benefits of all 1,200 members of the scheme

Holly Roach
clock • 1 min read
Sibelco scheme and Aviva agree £165m buy-in deal

The Sibelco UK Occupational Pension Scheme has completed a £165m full buy-in deal with Aviva.

The transaction – completed in April – secures the benefits of 1,200 scheme members. Lane Clark & Peacock (LCP) acted as lead adviser on the deal, while Fieldfisher provided legal advice. Tru...

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

Holly Roach
Author spotlight

Holly Roach

News Editor at Professional Pensions

View profile
More from Holly Roach

Disorderly net-zero transition will have 'severe' impact on scheme returns

Aon DC tracker shows drop in Q3 retirement outcomes

More on Risk Reduction

Time to buyout drops to 5.1 years
Risk Reduction

Time to buyout drops to 5.1 years

Barnett Waddingham’s DB End Gauge Index finds surplus funds could unlock £45bn of value

Jasmine Urquhart
Jasmine Urquhart
clock 13 December 2024 • 1 min read
Schemes have 'hard balancing act' with endgame investment strategies
Risk Reduction

Schemes have 'hard balancing act' with endgame investment strategies

Hymans Robertson says there should be ‘collaborative decision-making between sponsors and trustees’

Jasmine Urquhart
Jasmine Urquhart
clock 13 December 2024 • 1 min read
Clara Pensions announces superfund deal with £210m Wates Pension Fund
Risk Reduction

Clara Pensions announces superfund deal with £210m Wates Pension Fund

Deal is first superfund transaction to be conducted with an active sponsor

Jonathan Stapleton
Jonathan Stapleton
clock 12 December 2024 • 7 min read
Trustpilot