The STS Field Grant Limited Pension Scheme has secured a £5m full scheme bulk purchase annuity buy-in with Aviva. The transaction, completed in June 2026, secures the pensions of 14 deferred and 34 pensioner members of the scheme and completes the buy-in of all scheme liabilities.
“We are pleased to have helped the Trustee secure the benefits of all scheme members. Working closely with Broadstone, we were able to complete this transaction efficiently and provide the certainty that comes from having members’ pensions backed by Aviva. This transaction demonstrates that schemes of all sizes can successfully access the bulk annuity market and achieve a positive outcome for their members,” said Paul Donnely, BPA Senior Deal Manager at Aviva.
Broadstone provided annuity broking alongside their existing services for actuarial, investment consultancy and Scheme administration. Legal advice to the Trustees was provided by TLT and Aviva used in-house legal support.
“Despite the perception of a limited market for small schemes like the STS Scheme, the SM&RT process has again delivered choice and flexibility. This enabled the Trustees to secure their members’ benefits with an insurer that best met their needs and at a competitive price,” said Bob Jenkinson, Deal Lead at Broadstone.
