Aviva completes £1.3bn buy-in with RAC Pension Scheme, integrates existing longevity swap
Reinsurance News - Oct 29, 2024
Aviva has completed a £1.3 billion bulk purchase annuity full buy-in with The RAC (2003) Pension Scheme, securing the benefits for all c19,000 members. According to the firm, features of the deal included a novation of the scheme’s existing longevity swap and the transfer of illiquid assets. Andy Mo...
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