Aviva has completed a £4.8 million bulk purchase annuity buy-out for the A Gomez Limited Retirement Benefits scheme, utilizing its streamlined Aviva Clarity service to enhance transaction efficiency.

Overview of the Transaction

Aviva has successfully completed a £4.8 million bulk purchase annuity (BPA) buy-out with the A Gomez Limited Retirement Benefits scheme. This milestone transaction was finalized in January 2025, following a buy-in executed in July 2024. The sole trustee for the scheme is Apex Pension Trustees, and XPS Group provided advisory services throughout the transaction process.

This deal is part of a series of transactions processed through Aviva Clarity, a service designed to simplify and expedite the BPA market, making it more accessible for smaller pension schemes.

Industry Overview in the UK

The UK pensions market has seen a significant evolution in recent years, particularly within the realm of bulk purchase annuities. The increasing demand for secure retirement income has driven both funds a