Nick Johnson says a joined-up approach gives trustees the best route to insurer engagement
PenUltimate designed to help schemes overcome ‘operational bottlenecks’ on the journey to buyout
Deal comes as part of umbrella contract implemented as part of earlier transaction
Pensioner-only transaction forms part of insurer’s first half bulk annuity deals
Trustees of an industry-wide charity pension scheme have completed a £70m buy-in with Aviva, which will flip into a full buyout with the insurer over the next 12 months.