Aviva completes £165m full buy-in with The Sibelco UK Occupational Pension Scheme

Aviva completes £165m full buy-in with The Sibelco UK Occupational Pension Scheme
Aviva completes £165m full buy-in with The Sibelco UK Occupational Pension Scheme



Aviva has announced the completion of a £165 million bulk purchase annuity full scheme buy-in with The Sibelco UK Occupational Pension Scheme. The deal – completed in April 2024 – secures the benefits of all c.1200 members of the scheme in full. LCP acted as the lead advisers on the transaction and legal advice was provided by Fieldfisher.

Toby Holmes, Senior Deal Manager at Aviva, said: “In today’s climate it’s more important than ever for schemes to be…
Read More…

Source: https://www.webwire.com/ViewPressRel.asp?aId=323401