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

Member experience should be prioritised in buy-ins and buyouts

Member experience should be prioritised in buy-ins and buyouts

Hymans Robertson says ‘smoother transition’ will be enabled by good member experience

Jasmine Urquhart
clock 21 October 2025 • 1 min read
LGPS surplus grows to £147bn on low-risk basis

LGPS surplus grows to £147bn on low-risk basis

Isio’s Low-Risk Funding Index finds funding level increased to 147%

Jasmine Urquhart
clock 17 October 2025 • 1 min read
LCP says long-term run on could be valuable

LCP says long-term run on could be valuable

Analysis finds run-on could benefit schemes sponsors and members if risk managed well

Jasmine Urquhart
clock 15 October 2025 • 1 min read
Trustpilot