Sign Up
Login

John Turner Construction Group completes full scheme buy-in with Aviva

Written by Adam Cadle
09/05/2024

The John Turner Construction Group has completed a full scheme buy-in with Aviva.

The deal, which was completed in March, secures the benefits of 18 deferred members and one pensioner.

The deal was completed without additional funding from the sponsor, and full buyout and wind-up will now take place.

Broadstone provided investment, administrative, actuarial and annuity broking services while CMS provided legal advice.

Aviva bulk purchase annuity deal manager, Andrew Shaposhnikov, said: "We're pleased to be the provider that's given long-running support to the scheme and look forward to working with Broadstone and the trustees to complete the final steps in the scheme's risk reduction journey. The scheme transacted through our new streamlined service, Aviva Clarity, which underlines our commitment to helping well-prepared schemes of all sizes, to secure member benefits via a simple, robust, and efficient process."


Share Story:

Related Articles

  There are no related documents to show at this time.

BANNER

A Different Approach to Direct Lending
Adam Cadle talks to HSBC Asset Management’s head of direct lending UK & Europe, Tom Green, and head of insurance business, Deepak Seeburrun, about the firm’s direct lending proposition.

Impact Investing roundtable

Absolute Return Fixed Income roundtable

Portfolio optimisation in today’s challenging market environment
Adam Cadle speaks to Dr Laura Ryan, Head of Research at Ardea Investment Management, about the firm’s insurance asset allocation optimisation tool and the reasons for developing it
Most read stories...
The role ETFs can play in the ESG journey for insurers
Justin Wheeler, Head of UK iShares Asset Owner Distribution at BlackRock, and Mark Guirey, Head of EMEA Insurance Segment and UK Asset Owner Client Coverage at MSCI, discuss the drivers behind growth in this area, market reactions to COVID-19, and the role of indexing
World Markets (15 minute+ time delay)

European insurance companies renumeration

European Loans roundtable

BNP Paribas roundtable

ETFs roundtable

Iame roundtable May 2018

iame-roundtable2017