OSG Ship Management scheme secures £16m buy-in with Aviva

Full scheme transaction insures the liabilities of 53 members

Holly Roach
clock • 1 min read
OSG Ship Management scheme secures £16m buy-in with Aviva

The OSG Ship Management (UK) Limited Retirement Benefits Plan has secured a £16m buy-in deal with Aviva.

The full transaction with the scheme – sponsored the INSW Ship Management UK – secures the liabilities of 53 members and removes the associated investment and longevity risk. Entrust acted as so...

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

£175bn DB surplus recorded last month, according to PwC

£175bn DB surplus recorded last month, according to PwC

Low Reliance Index which tracks 5,000 corporate DB schemes measured 119% funding ratio

Jasmine Urquhart
clock 10 July 2025 • 2 min read
FTSE 100 scheme surpluses hold firm at £50bn, LCP finds

FTSE 100 scheme surpluses hold firm at £50bn, LCP finds

LCP analysis sees funding levels at 118% as endgame developments ‘continue at pace’

Jasmine Urquhart
clock 10 July 2025 • 1 min read
Four schemes complete full buy-ins with Utmost totalling £177m

Four schemes complete full buy-ins with Utmost totalling £177m

Risk reduction transactions secure benefits for nearly 2,500 pensioners and deferred members

Martin Richmond
clock 09 July 2025 • 1 min read
Trustpilot