Aviva, a leading insurance and financial services company, has completed a \u00a3160 million bulk purchase annuity (BPA) buy-in with the SG Pension Fund, securing the benefits of over 1,900 members. The scheme sponsor is Portakabin Limited, a provider of modular building infrastructure. The transaction was facilitated by Aon, who led the process, with legal advice provided by Gowling.<\/p>\n
The deal marks a significant milestone in Aviva’s relationship with the SG Pension Fund and Portakabin, following the successful addition of Portakabin’s defined contribution (DC) scheme to the Aviva Master Trust in 2024. The transaction ensures a positive member experience by allowing some scheme members to continue accessing their Additional Voluntary Contribution (AVC) funds as a primary source of tax-free cash.<\/p>\n
The deal was praised by all parties involved, with Sean Rooney, Senior BPA Deal Manager at Aviva, stating that it demonstrates the company’s continued focus on delivering tailored solutions that meet the evolving needs of its clients. Tony Sharp, Chair of Trustees, expressed his pleasure at working closely with the sponsor and advisers to achieve a great outcome for fund members.<\/p>\n
The transaction was also commended for its collaborative approach, with Chris Martin, Chair of the Joint Working Group, highlighting the importance of teamwork between the Trustee, sponsor, and advisers in delivering a great outcome for fund members. Matt Cook, Associate Partner at Aon, added that the deal is a great example of how having nimble governance in place, along with a clear focus on objectives, can drive the best outcome from the insurance market.<\/p>\n
Overall, the transaction strengthens Aviva’s position in the market and demonstrates its commitment to providing secure and tailored solutions for its clients. The deal also highlights the importance of collaboration and effective governance in achieving positive outcomes for pension fund members. With the completion of this transaction, Aviva looks forward to welcoming the scheme members to its platform and continuing to work with the Trustee and sponsor to support the fund over the coming years.<\/p>\n","protected":false},"excerpt":{"rendered":"
Aviva, a leading insurance and financial services company, has completed a \u00a3160 million bulk purchase annuity (BPA) buy-in with the SG Pension Fund, securing the benefits of over 1,900 members. The scheme sponsor is Portakabin Limited, a provider of modular building infrastructure. The transaction was facilitated by Aon, who led the process, with legal advice […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"fifu_image_url":"","fifu_image_alt":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[4,22],"tags":[],"class_list":["post-222558","post","type-post","status-publish","format-standard","hentry","category-aviva-life-insurance","category-insurance"],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9ibIB-VTE","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":222396,"url":"https:\/\/smallnews.in\/insurance\/2025\/12\/11\/uks-aviva-implements-gbsts-composer-platform\/","url_meta":{"origin":222558,"position":0},"title":"UK’s Aviva implements GBST’s Composer platform","author":"Team Small News","date":"December 11, 2025","format":false,"excerpt":"Aviva, a British multinational insurance company, has partnered with GBST to implement the Composer software-as-a-service (SaaS) platform for its individual annuities business transformation program. The platform will support Aviva's efforts to enhance its retirement planning offerings and improve the customer experience. With 25.2 million clients across the UK, Ireland, and\u2026","rel":"","context":"In "Aviva Life Insurance"","block_context":{"text":"Aviva Life Insurance","link":"https:\/\/smallnews.in\/insurance\/category\/aviva-life-insurance\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":222667,"url":"https:\/\/smallnews.in\/insurance\/2026\/01\/14\/aviva-has-appointed-a-new-member-to-the-board-of-its-master-trust\/","url_meta":{"origin":222558,"position":1},"title":"Aviva has appointed a new member to the board of its master trust.","author":"Team Small News","date":"January 14, 2026","format":false,"excerpt":"Several appointments have been made in the financial and pension industry. Aviva has announced three new appointments to the Aviva Master Trust board, including Rita Butler-Jones, Fiona Matthews, and Rekha Owen. Aviva Investors has also appointed Anna Chong and Michalis Ditsas to its global fixed income team. Gillian Taberner has\u2026","rel":"","context":"In "Aviva Life Insurance"","block_context":{"text":"Aviva Life Insurance","link":"https:\/\/smallnews.in\/insurance\/category\/aviva-life-insurance\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":222472,"url":"https:\/\/smallnews.in\/insurance\/2025\/12\/21\/tata-consultancy-services-tcs-has-strengthened-its-partnership-with-aviva-by-expanding-its-life-and-pensions-services\/","url_meta":{"origin":222558,"position":2},"title":"Tata Consultancy Services (TCS) has strengthened its partnership with Aviva by expanding its life and pensions services.","author":"Team Small News","date":"December 21, 2025","format":false,"excerpt":"TCS, a global IT services leader, and Aviva, a major UK insurance player, have announced an expansion of their partnership to enhance life and pensions services. This collaboration aims to leverage technology to improve customer experiences, making transactions smoother and more efficient. TCS brings its expertise in digital solutions, while\u2026","rel":"","context":"In "Aviva Life Insurance"","block_context":{"text":"Aviva Life Insurance","link":"https:\/\/smallnews.in\/insurance\/category\/aviva-life-insurance\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/smallnews.in\/insurance\/wp-content\/uploads\/sites\/5\/2025\/04\/tata-aia.jpeg?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":222570,"url":"https:\/\/smallnews.in\/insurance\/2026\/01\/01\/avivas-protection-sales-have-declined-by-16-despite-the-company-reporting-strong-overall-results\/","url_meta":{"origin":222558,"position":3},"title":"Aviva’s protection sales have declined by 16%, despite the company reporting strong overall results.","author":"Team Small News","date":"January 1, 2026","format":false,"excerpt":"Aviva, a leading insurance company, has released its half-year results for 2025, showing a mixed performance across its various business segments. Despite a 16% drop in protection sales, the company reported growth in its other businesses, with insurance, wealth, and retirement (IWR) sales rising 9% to \u00a321.5 billion. Operating profit\u2026","rel":"","context":"In "Aviva Life Insurance"","block_context":{"text":"Aviva Life Insurance","link":"https:\/\/smallnews.in\/insurance\/category\/aviva-life-insurance\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":222466,"url":"https:\/\/smallnews.in\/insurance\/2025\/12\/20\/tata-consultancy-services-tcs-has-partnered-with-aviva-uk-to-enhance-the-customer-experience\/","url_meta":{"origin":222558,"position":4},"title":"Tata Consultancy Services (TCS) has partnered with Aviva UK to enhance the customer experience.","author":"Team Small News","date":"December 20, 2025","format":false,"excerpt":"Tata Consultancy Services (TCS) has expanded its partnership with Aviva, a leading UK insurance provider, to manage over 6.5 million policies through its subsidiary, Diligenta UK. This partnership aims to provide end-to-end policy administration services, leveraging TCS' FCA-regulated platform to deliver a customer-centric approach to digitization. The expanded partnership will\u2026","rel":"","context":"In "Aviva Life Insurance"","block_context":{"text":"Aviva Life Insurance","link":"https:\/\/smallnews.in\/insurance\/category\/aviva-life-insurance\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/smallnews.in\/insurance\/wp-content\/uploads\/sites\/5\/2025\/04\/tata-aia.jpeg?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":222748,"url":"https:\/\/smallnews.in\/insurance\/2026\/01\/27\/wexford-secondary-school-receives-funding-from-aviva-ireland\/","url_meta":{"origin":222558,"position":5},"title":"Wexford secondary school receives funding from Aviva Ireland","author":"Team Small News","date":"January 27, 2026","format":false,"excerpt":"Selskar College, a secondary school in Wexford, has been awarded \u20ac20,000 through the 2025 Aviva Broker Community Fund. The funding will be used to upgrade the school's practical classroom, creating a safer and more accessible learning environment for all students, including those with additional needs and learners in the school's\u2026","rel":"","context":"In "Aviva Life Insurance"","block_context":{"text":"Aviva Life Insurance","link":"https:\/\/smallnews.in\/insurance\/category\/aviva-life-insurance\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/smallnews.in\/insurance\/wp-json\/wp\/v2\/posts\/222558","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/smallnews.in\/insurance\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/smallnews.in\/insurance\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/smallnews.in\/insurance\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/smallnews.in\/insurance\/wp-json\/wp\/v2\/comments?post=222558"}],"version-history":[{"count":0,"href":"https:\/\/smallnews.in\/insurance\/wp-json\/wp\/v2\/posts\/222558\/revisions"}],"wp:attachment":[{"href":"https:\/\/smallnews.in\/insurance\/wp-json\/wp\/v2\/media?parent=222558"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/smallnews.in\/insurance\/wp-json\/wp\/v2\/categories?post=222558"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/smallnews.in\/insurance\/wp-json\/wp\/v2\/tags?post=222558"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}