Aviva Completes £270m Annuity Buy-In with Morrisons Retirement Saver Plan
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Aviva plc has completed a £270 million bulk purchase annuity buy-in with the Morrisons Retirement Saver Plan, securing benefits for over 32,000 deferred members. This is Aviva's third buy-in with Wm Morrison Supermarkets Limited's pension schemes. The transaction, finalized in March 2025, also included a Winding-Up Lump Sum exercise for around 30,000 members. Aon led the transaction, with legal advice from Clifford Chance and DLA Piper, highlighting Aviva's capability in managing complex transactions and providing tailored solutions.
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