Bulk Purchase Annuity Buy-in Contract with Aviva Life & Pensions UK Ltd
Wirral Borough Council · Awarded contract
AwardedBulk Purchase Annuity Buy-in Contract with Aviva Life & Pensions UK Ltd
Awarded 25 Apr 2024
Awarded25 Apr 2024
Value£200,000,000.00
SupplierAviva Life & Pensions UK Ltd
AgencyWirral Borough Council
RegionUnited Kingdom
CategoryFinance & Insurance
Expires in 830y 6mo832y 12mo term, 4% elapsed
Awarded 25 Apr 2024Expires 30 Sept 2856
About
Wirral Borough Council awarded a contract to Aviva Life & Pensions UK Ltd for a bulk purchase annuity buy-in, valued at AUD 200,000,000.
This arrangement is designed to manage pension liabilities by transferring risk to the insurer.
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Bulk Purchase Annuity Buy-in Contract with Aviva Life & Pensions UK Ltd
Won by Aviva Life & Pensions UK Ltd · Wirral Borough Council
£200.0Mawarded
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Key requirementsFrom 12 documents
Who can bidRegistered commercial cleaners
Mandatory criteriaPolice checks for staff on site
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