Broadstone advises Stantec on full buy-in with Aviva

The Stantec Pension Plan (UK Section) has secured a full scheme buy-in with Aviva, protecting the benefits of all 680 members.

The transaction, completed in May 2026, covers 629 deferred and 51 pensioner members, finalising the buy-in of all Plan liabilities.

The deal did not require additional sponsor contributions, though it was fully backed by the sponsoring employer, sustainable engineering firm Stantec UK Limited.

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Broadstone provided actuarial, investment consultancy, scheme administration and annuity broking services for the deal.

The consultancy guided the trustees through surrendering a legacy insured contract with valuable guarantees, negotiating exit terms that unlocked an affordable funding position.

The market approach was conducted via Broadstone’s competitive SM&RT Insure process.

Following due diligence focused on member experience and swift post-transaction management, the trustees selected Aviva’s streamlined proposition, Clarity.

Bob Jenkinson, deal lead at Broadstone, said the process demonstrated the vital importance of rigorous insurer benchmarking, even when utilising streamlined provider solutions.

James Duggan, client director at Vidett and chair of trustees, added: “We prepared and identified the characteristics to put our members at the very top of our priorities, and by selecting Aviva we have chosen to partner with an insurer that we felt will best deliver great member outcomes.”

DLA Piper provided legal advice to the trustees, while Aviva used in-house legal support.