FirstGroup Pension Scheme completes £90m buy-in with Aviva

Process completed on accelerated three month timetable to completion

Jonathan Stapleton
clock • 2 min read
A First Group electric bus. Credit: FirstGroup
Image:

A First Group electric bus. Credit: FirstGroup

The group section of the FirstGroup Pension Scheme has concluded a £90m full buy-in with Aviva, securing the benefits of over 500 scheme members.

The transaction was led by LCP on behalf of the trustee. Legal advice was provided to the trustee by Stephenson Harwood. The process was completed on an accelerated timetable, with only three mo...

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