Elementis £300m Aviva buy-in included price lock, member options
By IAN Editorial Desk – Aviva on Monday disclosed additional detail on the Elementis Group Pension Scheme buy-in it completed, showing that the £300 million...
Aviva on Monday disclosed additional detail on the Elementis Group Pension Scheme buy-in it completed, showing that the £300 million transaction included a price lock and member-option features beyond the core transfer of defined benefit liabilities. The deal was first announced earlier on Monday, as Insurance Asset News reported.
| Metric | 2026 | 2025 | Change |
|--------|------|------|--------|
| Buy-in value | £300 million | — | — |
The public disclosure does not give the buy-in price as a percentage of technical provisions, the price loading, or a gilt-equivalent yield, limiting any direct read-across on pricing relative to scheme funding or insurer asset spreads. It also does not identify which credit funds were sold or the sale amounts by fund, stating only that credit fund holdings were sold down as part of the price-lock process.
Aon acted as lead adviser to the Trustee, while Aviva received legal advice in-house.
Sources: news.google.com
