Aviva has completed a £320m ($441m) annuity transaction with the John Laing Pension Fund and will be taking responsibility for the investment and longevity risk of the members from the fund.
This is the second buy-in transaction between Aviva and the John Laing Pension Fund, following a £211m transaction in December 2008.
The process to select an insurer to help de-risk the funds and negotiate terms was led by Willis Towers Watson.
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Alongside Allianz and several other financial companies
Rain last week left over 50,000 eastern seaboard residents stranded last week
Net income fell 16% in Q1, year on year
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