Linklaters advises Church Fund on £160m repo deal

By Martin Croucher (8 March 2022, 13:59 GMT) – The Church of England has secured £160m ($210m) of pension liabilities in a fund for unordained employees with Aviva Life & Pensions UK Ltd . – a transaction that highlights the “increased emphasis” on ethical investing in entering into transactions.

Insurance giant Aviva said on Monday that the so-called buyout transaction will protect the Church against changes in the cost of benefits to the 2,400 members of the Church Workers’ Pension Fund, either because members live longer than expected either because of investment risks. .

The repo market was particularly active in the first three months of the year, with…

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