RAC Pension Scheme agrees £1.3bn buy-in deal with Aviva

Transaction secures the benefits of around 19,000 pension scheme members

Holly Roach
clock • 1 min read
RAC Pension Scheme agrees £1.3bn buy-in deal with Aviva

The RAC (2003) Pension Scheme has agreed a £1.3bn buy-in deal with Aviva, securing the benefits of around 19,000 members.

The full scheme buy-in – completed in August – includes the novation of an existing longevity swap and a transfer of illiquid assets. Hymans Robertson advised the scheme trustees and legal advic...

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

Interface scheme secures £85m buy-in with PIC

Interface scheme secures £85m buy-in with PIC

Transaction secures the benefits of 1,117 scheme members

Holly Roach
clock 21 October 2026 • 1 min read
Biffa Pension Scheme completes £275m buy-in with Standard Life

Biffa Pension Scheme completes £275m buy-in with Standard Life

Transaction secures the benefits of 3,070 scheme members

Holly Roach
clock 20 October 2026 • 1 min read
FirstGroup Pension Scheme completes £90m buy-in with Aviva

FirstGroup Pension Scheme completes £90m buy-in with Aviva

Process completed on accelerated three month timetable to completion

Jonathan Stapleton
clock 15 October 2026 • 2 min read
Trustpilot