The Aston Martin Lagonda Pension Scheme has completed a £180m full-scheme buy-in with Aviva, securing the benefits of around 1,590 members.

The transaction covers approximately 540 pensioners and 1,050 deferred members of the scheme, which is sponsored by car manufacturer Aston Martin.

The deal was completed in July 2026 following a tailored market approach led by LCP, which Aviva said generated competitive terms and enabled the scheme to transact several years earlier than expected.

LCP acted as lead risk transfer and investment adviser to the trustee, while Burges Salmon provided legal advice on the transaction.

Gallagher acted as scheme actuary and administrator, with Aviva receiving legal advice from its in-house team.

PwC and Sackers advised the scheme’s sponsor.

Aviva BPA deal manager, Kerry Foster, commented on the deal: “Speed and certainty were critical to getting this transaction over the line and we were able to move at pace, helping the scheme and its sponsor meet its objectives sooner than expected.

“This deal highlights the value of how a scheme’s approach to market is structured, and LCP ran an effective process which allowed us to put our best foot forward to unlock an attractive opportunity for the scheme.

“We’re delighted to have been selected as a safe home for the scheme’s members.”

Aston Martin group financial controller, Fiona Forster, stated that the transaction demonstrated what could be achieved through collaboration between the sponsor, trustee and advisers.

“We are delighted that the scheme has been able to achieve this outcome and the financial security it will bring to our members," she said.

Echoing this, Dalriada Trustees chair of trustees, Charles Ward, added that the transaction represented a strong outcome for members and had been completed significantly ahead of expectations.

“A huge amount of thanks are due to Aviva, the team at LCP and all our advisers for helping us unlock an opportunity which may otherwise have been missed and deliver long-term security for members’ benefits," he said.

LCP partner, Sam Jenkins, also commented: “It has been quite some journey for the scheme; what was an aspirational transaction only a few months ago has rapidly turned into a hugely attractive opportunity which we are delighted to have helped secure for the trustee.

“The scheme benefited from a tailored market approach to help achieve its ambitions, and it was a real team effort across the trustee, sponsor and all advisers, allowing us to move swiftly and effectively when the opportunity was identified.”

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