The STS Field Grant Limited Pension Scheme has secured a £5m full scheme buy-in with Aviva, securing the benefits of 48 scheme members.

The transaction, which was finalised in June 2026, covered 14 deferred and 34 pensioner members, completing the buy-in of all scheme liabilities. The assets of the scheme were used in the transaction.

The deal was fully supported by the sponsoring company, Key Technologies Limited, an ammunition and pyrotechnics manufacturer.

Advising the scheme, Broadstone provided annuity broking alongside actuarial, investment consultancy and scheme administration.

TLT LLP provided legal advice to the trustees, while Aviva used in house legal guidance.

Commenting on the deal, the STS Field Grant Limited Pension Scheme trustees said: “The preparatory work undertaken enabled us to accelerate the process and our advisers navigated us through to the transaction by providing clear, concise and scheme-specific advice. This allowed us to make key decisions and secure our members benefits with Aviva.”

Aviva BPA senior deal manager, Paul Donnely, added: “Working closely with Broadstone, we were able to complete this transaction efficiently and provide the certainty that comes from having members’ pensions backed by Aviva.

“This transaction demonstrates that schemes of all sizes can successfully access the bulk annuity market and achieve a positive outcome for their members.”

Broadstone deal lead, Bob Jenkinson, agreed that despite the perception of a limited market for small schemes, “the SM&RT process has again delivered choice and flexibility”.

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