Linklaters Advises On Aviva Insuring £1B Of Co-op Pension

Law360, London (January 30, 2020, 2:42 PM GMT) -- Linklaters LLP has advised Aviva on a deal to insure £1 billion ($1.3 billion) of liabilities for the Co-operative Group’s pension scheme in a move to transfer some risk away from the trustee.

British insurer Aviva PLC said on Wednesday that it has completed a buy-in deal with the Co-operative Pension Scheme, known as Pace. Buy-ins allow pension scheme trustees to purchase insurance that will cover a group of members, although the trustee remains responsible for paying out to retirees.

Angela Darlington, incoming chief executive of Aviva UK Life Services Ltd., said it was a "significant deal" and continued, “This is further...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Beta
Ask a question!