Morrisons bags £270m buy-in deal with Aviva

Third deal with the supermarket chain and the insurer secures benefits of 32,000 deferred members

Holly Roach
clock • 2 min read
Morrisons bags £270m buy-in deal with Aviva

The Morrisons Retirement Saver Plan has bagged a £270m buy-in deal with Aviva.

The bulk purchase annuity (BPA) deal with the scheme – sponsored by Wm Morrison Supermarkets – secures the benefits of over 32,000 deferred members. Aviva also underwrote a winding-up lump sum exer...

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

Abbey Life scheme secures £200m buy-in with Standard Life

Abbey Life scheme secures £200m buy-in with Standard Life

Deal secures the benefits of 1,500 members of the Standard Life sponsored scheme

Holly Roach
clock 20 May 2026 • 2 min read
Leeds Building Society scheme completes £66m buy-in with Royal London

Leeds Building Society scheme completes £66m buy-in with Royal London

Bulk purchase annuity transaction secures the benefits for 590 members

Martin Richmond
clock 13 May 2026 • 2 min read
Safe Computing Pension Fund completes £4.5m buy-in with Just Group

Safe Computing Pension Fund completes £4.5m buy-in with Just Group

Transaction secures the benefits of 16 deferred members and 24 pensioners

Martin Richmond
clock 11 May 2026 • 2 min read
Trustpilot