Aston Martin scheme secures £180m full buy-in with Aviva
By IAN Editorial Desk – Aviva completed a £180m full buy-in with the Aston Martin Lagonda Pension Scheme in July 2026, securing benefits for around 540...
Aviva completed a £180m full buy-in with the Aston Martin Lagonda Pension Scheme in July 2026, securing benefits for around 540 pensioners and 1,050 deferred members. The transaction was described as a full buy-in rather than a buyout, and Aston Martin said the trustee entered into the bulk annuity contract on 15 July; the policy is held by the trustees.
Aviva said the deal followed a tailored market approach led by LCP, which generated competitive terms and helped the parties move quickly to secure the transaction years ahead of expectations. LCP acted as lead risk transfer and investment adviser to the trustee, while Burges Salmon advised on the legal work, Gallagher acted as scheme actuary and administrator, and PwC and Sackers advised the sponsor.
The public release and the Aston Martin filing do not disclose the premium rate, yield, pricing basis, longevity assumptions or settlement terms, and they also do not set out any matching adjustment or explicit hedging portfolio transfer. Aston Martin’s filing said the buy-in was not reflected in the June 2026 pension obligation or plan assets.
Aston Martin Lagonda Pension Scheme is sponsored by Aston Martin, the luxury high-performance car manufacturer.
Sources: news.google.com · aviva.com
