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...

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