# Aviva Staff Pension Scheme

Aviva Staff Pension Scheme is a Pension Fund based in London, United Kingdom.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** London, United Kingdom
- **Region:** Europe
- **Address:** 80 Fenchurch Street, London, EC3M 4AE, United Kingdom
- **Founded:** 1979
- **Assets under management:** Undisclosed
- **Website:** www.avivastaffpension.co.uk

## Regulatory record

- **Reports private funds:** No

## About

Aviva Staff Pension Scheme was established in 1979. Aviva plc serves as the sponsoring employer. The scheme operates through Aviva Staff Pension Trustee Limited and covers material defined benefit liabilities in three countries. The scheme targets a 15 percent allocation to UK commercial real estate and holds a portfolio of renewable energy infrastructure assets focused on solar and wind projects. It has completed two bulk annuity buy-ins with Aviva Life & Pensions UK Limited, one in 2019 covering 5,800 members and one in 2020 covering 2,800 members. A 2014 longevity swap with Swiss Re, Munich Re and SCOR hedged risk for approximately 19,000 members. The scheme also commits as a limited partner to UK private equity managers including Alcuin Capital Partners, ECI Partners, Charterhouse Capital Partners and Hg. The trustee board is supported by Hymans Robertson as investment advisor and actuary and by Linklaters and Slaughter and May as legal counsel. Aviva Investors manages certain assets. The scheme maintains memberships in the Pensions and Lifetime Savings Association and reports in line with TCFD recommendations. In March 2026 the scheme participated as a speaker at the Pensions UK Investment Conference in Edinburgh. The scheme sits within the Aviva Group structure yet maintains a separate trustee board and investment committee. This separation governs asset allocation decisions and risk hedging programs independently of the sponsoring employer.

## Sectors

- Real Estate
- Infrastructure
- Private Equity

## People

- Brian Bussell — Chair of the Trustee Board
- Gawaine Batchelor — Trustee and member of the Investment Committee
- Steven Catchpole — Pensions Investment Director

## Questions

### Who runs investment decisions at Aviva Staff Pension Scheme?

Brian Bussell chairs the trustee board. Gawaine Batchelor serves on the investment committee. Steven Catchpole acts as pensions investment director.

### Does Aviva Staff Pension Scheme participate in fund commitments or only direct deals?

The scheme acts as a limited partner in UK private equity funds and also holds direct UK commercial real estate assets.

### What asset classes receive material allocations?

The scheme targets 15 percent to UK commercial real estate and maintains an infrastructure portfolio focused on renewable energy projects.

### How does Aviva Staff Pension Scheme manage longevity risk?

It executed a 2014 longevity swap covering 19,000 members with Swiss Re, Munich Re and SCOR and completed bulk annuity buy-ins in 2019 and 2020.

### Is the scheme a member of industry associations?

It participates in the Pensions and Lifetime Savings Association and reports climate risks in line with TCFD recommendations.

### What is the relationship to Aviva plc?

Aviva plc is the sponsoring employer. The scheme maintains a separate trustee board and investment committee.

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Last updated: 2026-06-03T20:00:00.000Z

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