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
In just a few clicks you can start your free Professional Pensions Lite membership for 12 months, providing you access to:
- 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
