 |
|
 |  |  |  |
Aviva have announced it has completed a £53 million bulk purchase annuity transaction with the General Motors (VACPF)* Pension Fund. The sponsoring employer, General Motors Company, is a global vehicle manufacturer. |
Aviva will insure the defined benefit pension liabilities of 1,392 members, removing the investment and longevity risk of these members from the Fund. The members will see no change in the amount of benefits which they are paid as a result of the transaction. The process to select an insurer and negotiate terms was led by Aon using its Pathway service. The trustee of the scheme received legal services from Eversheds Sutherland (International) LLP and CMS Cameron McKenna Nabarro Olswang LLP. Jamie Cole, Head of Bulk Purchase Annuity Origination at Aviva, said: “We’ve worked closely with the Trustees of the General Motors Pension Fund to complete this transaction. Aviva’s robust capital position and experience were important considerations for the Trustees when selecting an insurer to secure member benefits.” Rob Assinder, Chair of the Trustee of General Motors (VACPF) Pension Fund, said: “Insuring our members' benefits with Aviva provides them with long term security and was made possible through a collaborative period of intensive preparation led by Aon, with legal advice from CMS and Eversheds Sutherland.”
Michael Walker, Principal Consultant, Aon Solutions UK Limited, said: “This transaction with the General Motors (VACPF) Pension Fund was able to complete rapidly, capturing favourable pricing, due to the enhanced level of preparation completed between Aon and the in-house pensions team and by using Aon's Pathway service which is specifically designed for schemes of this size |
|
|
|
| CONTRACT (12 months): Underwriter | ||
| Fully remote - Negotiable | ||
| CONTRACT (12 months): Senior Underwriter | ||
| Fully remote - Negotiable | ||
| MI Manager | ||
| UK South West / hybrid 2 days in the office - Negotiable | ||
| Senior MI Analyst | ||
| UK South West / hybrid 2 days in the office - Negotiable | ||
| LONDON MARKET CONTRACT: Capital Model... | ||
| London/hybrid 2-3dpw office-based - Negotiable | ||
| Senior M&A Actuary | ||
| London / hybrid 3 dpw office-based - Negotiable | ||
| Market-leading Pricing | ||
| South East or Scotland / hybrid 2 dpw in the office - Negotiable | ||
| Longevity Actuary | ||
| London / hybrid 2 days p/w office-based - Negotiable | ||
| Senior Pensions Administrator | ||
| Flex / hybrid - Negotiable | ||
| Senior Portfolio Analyst | ||
| London - £70,000 Per Annum | ||
| Reserving Actuary | ||
| London - £100,000 Per Annum | ||
| Senior Pricing Actuary - Personal Lines | ||
| London - £130,000 Per Annum | ||
| Senior Manager | ||
| London - £150,000 Per Annum | ||
| Pricing Actuary - Longevity Swaps | ||
| London/hybrid 2-3dpw office-based - Negotiable | ||
| Senior Reinsurance Pricing Actuary | ||
| London - £200,000 Per Annum | ||
| P&C Senior Manager | ||
| London - Negotiable | ||
| Senior Reserving Analyst | ||
| London / hybrid 3 dpw office-based - Negotiable | ||
| Deputy Head of Pricing | ||
| London - £150,000 Per Annum | ||
| BPA Implementation Analyst | ||
| North-West / hybrid 2-3dpw office-based - Negotiable | ||
| Pricing Actuary – London Market | ||
| London / Hybrid - Negotiable | ||
Be the first to contribute to our definitive actuarial reference forum. Built by actuaries for actuaries.
Copyright © 2025 Actuarial Post. Created by Zero-One Design Ltd
