Deal covers the benefits for 406 current pensioners and dependents in the schemes
Transaction secures benefits of around 650 members of the telecommunications scheme
Transaction secures benefits of over 12,500 members at PPF compensation levels
Deal comes on the back of a £300m pensioner-only buy-in completed in 2014
Deal with Aviva follows strong investment performance and stated desire to de-risk
Deal agreed 13 years after first buy-in between the scheme and insurer
31-member deal comes after enhanced covenant and security package from sponsor
Third bulk annuity for the scheme after 2016 and 2018 deals with PIC and L&G
Deal insures liabilities for 277 members of the flavour and fragrance manufacturer scheme
A Pfizer Group-sponsored defined benefit (DB) pension scheme has completed a £190m buy-in with Aviva, following a slow start to the year in bulk annuity business for the insurer.