What is a bulk purchase annuity?
In capable hands 
We’re highly experienced in the bulk purchase annuities (BPA) market, with almost 900 transactions already completed. And with our robust and efficient processes, you’ll benefit from a smooth-sailing process from start to finish.
Financial strengh 
You can rely on our meticulous approach to sourcing assets, matching cashflows for years to come. Our financial strength is rated at the stronger end of the scale with ratings of AA- Stable (S&P and Fitch) and Aa3 Stable (Moody’s).
Sustainable investments 
This is a non-negotiable part of our business. Our dedicated fund manager, Aviva Investors, was ranked fith out of 76 of the world’s largest asset managers across responsible investment themes by ShareAction in 2025.
De-risking solutions to suit every kind of scheme
Buy-in
Buy-out
Why choose a bulk purchase annuity with Aviva?
Alongside our years of experience and specialist expertise in the BPA market, here’s how we could be the right choice for you and your members.
A provider you can trust
With over 20 years’ experience in the risk transfer market, we have the expertise and scale to de-risk defined benefit schemes with confidence.
More than 100 UK-based specialists help deliver a trusted service to over 1.2 million annuity members, paying around £3.6 billion in benefits every year.
Driving better experiences for employers, trustees and members
Our people and our processes will support you and your advisers every step of the way. And your members will get the help they need to experience the best retirement they can.
A solution for years to come
With an estimated Solvency II ratio of 180% as of 31 December 2025, our meticulous approach to sourcing assets means our annuities provide reliable cashflow for years to come.
A sustainable approach
Our sustainability ambitions aim to act on climate change, build stronger communities and aim to protect members’ pensions long into the future.
With £17.8 billion invested, we're one of the largest investors in UK infrastructure, helping build schools and health centres, and developing sustainable energy.
Explore more of our Defined Benefit solutions
We're committed to providing the solutions that meet your scheme needs both now and long into the future.
Aviva Clarity
Our streamlined de-risking process aimed primarily at schemes with liabilities up to £100m. It has standard benefit structures that are designed to improve a scheme’s access to market.
Our Defined Benefit and Contribution solutions
Our flexible DB&C solutions mean trustees can secure their member’s benefits so they can confidently plan for the future. With a range of options to choose from, we help you meet the needs of your members with ease.
Bulk purchase annuity news
Head to our newsroom to read about our latest defined benefit solutions.
Aviva completes £300m buy-in deal with the Elementis Group Pension Scheme
Aviva completes £180m full buy-in with Aston Martin Lagonda Pension Scheme
Aviva completes £100m full scheme buy-in with the Iveco Limited Pension Scheme
Aviva completes £104m buy-in deal with the Essentra Pension Plan
Other ways we can support your business
Building up a set of services can help provide a fuller, more rounded package, both for you and your employees. Here's how else we can support you.
Workplace pensions
Find the right scheme to suit your business. There are five options, all with our close support through set-up and ongoing management.
Group protection
Bolster your employees’ financial reassurance through life insurance, critical illness cover or income protection.
Group health insurance
Consider adding private medical insurance to your employee package, with ways to tailor it to suit your needs and budgets.
Business insurance
Find out how we can help arrange the cover you need, including your vehicles, your premises, and your liability.