Stantec Pension Plan offloads all liabilities to Aviva from scheme assets
The buy-in covers around 680 members and was funded from scheme assets rather than an additional sponsor contribution.
Stantec Pension Plan (UK Section) has completed a full-scheme buy-in with Aviva, according to industry reports, covering all liabilities for the scheme’s roughly 680 members. The bulk purchase annuity transaction was funded from scheme assets rather than by an additional sponsor contribution, making the scheme’s own balance sheet the source of capital for the deal.
The transaction completed the buy-in…
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