£300 million moved into an Aviva pension buy-in as The Elementis Group Pension Scheme completed the deal in May 2026. The transaction secures benefits for more than 1,250 members, including 540 pensioners and 1,050 deferred members. The split between those member counts does not add neatly to the headline total, so the deal’s full membership coverage is better read as a benefits transfer than a simple headcount.
Aviva Pension buy-in at £300 million
£300 million was the value of the buy-in deal, making it a large BPA transaction for a single scheme. The scheme used Aviva’s integrated defined benefit and defined contribution arrangement, which let some members access additional voluntary contributions as a primary source of tax-free cash. For members, that means the transaction was not just about bulk insurance coverage; it also carried a specific retirement-income feature inside the same arrangement.
More than 1,250 members
More than 1,250 members were covered by the transaction, with 540 pensioners and 1,050 deferred members listed separately. That adds up to 1,590, which sits above the “more than 1,250” description attached to the benefits secured. The figures show why this deal sits in the larger end of pension risk-transfer activity: it covers both people already drawing pensions and those still waiting to take their benefits.
May 2026 completion
May 2026 is the only date attached to the transaction, and it marks the point at which the scheme completed the buy-in with Aviva. For affected members, the practical takeaway is that their benefits were secured through the deal and some were given access to additional voluntary contributions as a route to tax-free cash. How the member figures are reconciled against the “more than 1,250” total is not explained in the facts provided, leaving the scale of the covered group tied to the scheme’s own reporting of the transaction.
