The SG Pension Fund has completed a £160m bulk purchase annuity buy-in with Aviva. Finalised in August 2025, the transaction secures the benefits of more than 1,900 members. The scheme sponsor is Portakabin Limited, a provider of modular building infrastructure, serving a range of markets including education, healthcare, public infrastructure, commercial and industrial sectors.
We were pleased to work closely with the sponsor and our advisers, through the Joint Working Group, to achieve this great outcome for our Fund members. The Trustee will continue to support the Fund over the coming years and look forward to working with the team at Aviva,” said Tony Sharp, Chair of Trustees.
“This transaction was a pleasure to work on and is another example of a longstanding collaboration with Portakabin UK to secure members’ pension benefits. The transaction demonstrates our continued focus on delivering tailored solutions that meet the evolving needs of our clients. We look forward to welcoming members to Aviva in the future,” added Sean Rooney, Senior Deal Manager at Aviva.
The trustees were advised by Aon, who led the process, with legal advice provided by Gowling WLG.
“This transaction is a great example of how having nimble governance in place, along with a clear focus on objectives, can drive the best outcome from the insurance market. An integrated Aon team combining risk settlement, investment, and actuarial services ensured that the transaction was completed efficiently and meets the objectives of all Fund stakeholders,” said Matt Cook, Associate Partner at Aon.