Investment - Articles - Aviva complete full buyin with The Sibelco Pension Scheme

 Toby Holmes, Senior Deal Manager at Aviva, said: “In today’s climate it’s more important than ever for schemes to be well-prepared when approaching the market. This process has highlighted just how quickly and smoothly a transaction can run when it follows a well thought out and crisply executed transaction process. The trustees had a clear strategy to secure member benefits, and their vision, when supported by highly experienced advisers, has made for an efficient and successful transaction.”

 John Bannister, representing Capital Cranfield, Chair of Trustees for the Scheme said: “We are pleased to be able to secure our members’ benefits with an experienced, well-regarded insurance company. We are confident that Aviva will provide a good long-term home for our members’ benefits.”

 Ken Hardman, partner at LCP, commented: “We are delighted to be able to help the Trustee secure members’ benefits with Aviva. The transaction highlights the opportunity for well-prepared schemes to leverage strong insurer competition, even in a busy market.”