Aviva secures £249M buy-in for Molins UK Pension Fund

Aviva has completed a £249 million bulk purchase annuity (BPA) deal with the Molins U.K. Pension Fund, securing the benefits of over 3,500 members. The transaction, finalized in June 2025, was advised by WTW with legal support from Mayer Brown, and reflects Aviva’s continued strength in navigating complex pension structures.

The sponsoring employer is Mpac Group PLC. The deal enhances member security and supports Aviva’s BPA growth strategy following similar transactions, including a £270 million buy-in for the Morrisons Retirement Saver Plan in May.

“We’re pleased to have supported the trustees of the Molins U.K. Pension Fund in their ambition to secure scheme members’ benefits. This transaction reflects Aviva’s ability to manage different benefit structures and provide bespoke options to meet the needs of the trustees.  The collaboration between all parties involved was key to achieving a positive outcome and we look forward to formally welcoming members of the scheme to Aviva in the future.” – Paul Donnelly, BPA Deal Manager at Aviva.