Aviva and Broadstone have announced the completion of a pilot initiative with Aviva for transacting with very small schemes, advising on the full buy-ins for five schemes over the summer of 2025.
The transactions were:
- A £5.3m buy-in, completed in September 2025, for a Scottish sawmilling company covering 14 pensioner and 9 deferred members;
- A £4.4m buy-in, completed in August 2025, for a West Midlands heavy manufacturer covering 43 pensioner and 16 deferred members;
- A £3.4m buy-in, completed in July 2025, for an East Midlands religious organisation covering 20 pensioner members;
- A £5.0m buy-in, completed in July 2025, for the UK division of a US-owned customer experience business covering 26 pensioner and 15 deferred members; and
- A £3.6m buy-in, completed in July 2025, for an independent school for children with special educational needs, based in the North West, covering 14 pensioners and 20 deferred members.
The two firms worked to identify a select group of well-prepared small schemes for a pilot exercise to test the Aviva Clarity proposition at very small scheme sizes.
“We are really encouraged that Aviva want to increase the number of deals they complete for schemes below £10m in premium size. There are so many schemes of this size ready to transact and the increased competition in this area of the market can only be a good thing for scheme trustees, members and sponsors. Broadstone’s SM&RT Insure approach and award-winning administration meant that we were a natural choice to work with, giving Aviva the confidence that these deals would transact efficiently and with a swift data cleanse,” said Christopher Rice, Head of Trustee Services at Broadstone.
“Aviva has long supported schemes of all sizes with their ambitions to secure member benefits. Our successful Aviva Clarity proposition offers a simple and effective process to help smaller schemes – that, combined with the excellent preparation by the scheme trustees and their advisers, has helped achieve a fast and efficient de-risking outcome,” added Andy Morley, Senior Deal Manager at Aviva.
