The route to finalisation
After years of managing complex pension risk and planning your scheme’s de-risking journey, the post-transaction phase can feel like a step into the unknown. We’re here to help you take that step with confidence.
Of the transactions we’ve completed, we’ve now supported over 650 through to finalisation. Whether completion means finalising a buy-in or a buy-out, our four-stage process gives you structured support from day one. This means you can move through each stage with confidence, knowing exactly what to expect and when.
Here’s what that journey looks like…
Project mobilisation
We’ll give you tailored guidance and practical tools to help navigate the post-transaction process. In our initial meeting, we’ll agree roles and responsibilities, project plans, objectives and key milestones. If we haven't already set up your fixed payroll, we'll also agree how and when the payments will begin.
We'll give you a full suite of guides, factsheets and templates, making it easy to plan ahead and navigate each stage with certainty.
Data cleanse and benefit specification
We’ll guide you through a structured data‑cleanse and benefit‑specification review, using tailored templates and clear validation steps, and we’ll share any queries with you along the way.
Pre-finalisation and finalisation
You’ll provide the finalised data schedule and benefit specification to Aviva, and we’ll use this information to calculate and confirm the final balancing premium needed to complete the transaction.
(Buy-out only) Administration and payroll handover
Parallel payroll tracking begins, giving us the opportunity to robustly test this key process.
Once the final balancing premium is paid, we'll issue individual member policies and take over administration of the scheme. Your members will receive their benefit payments and first-class service from us.