Broadstone and Aviva complete £4m full scheme buy-in and buy-out for Finnair

Broadstone and Aviva completed a £4m buy-in and buy-out for the Finnair Oyj Retirement Benefit Scheme in under two months. 

The scheme, sponsored by Finnair Oyj, covered all 20 previously uninsured members and was finalised in October 2025. 

Aviva used its clarity service with a fast-track process, relying on accurate data prepared by Broadstone to ensure benefits were secured and the transition to buy-out was quick.

Broadstone acted as annuity broker, continuing its role as scheme actuary, investment consultant and administrator. 

Arc Pensions Law provided legal advice for the trustees, while Aviva’s legal support was delivered in-house.

Mark Channon, senior actuarial director and deal lead at Broadstone, said: “This was a perfect example of how Broadstone’s full-service approach to a buy-in using the SM&RT Insure approach leads to excellent outcomes. 

“Working seamlessly with the Scheme Actuary and the administration team meant we were able to present a perfectly prepared scheme for the transaction. 

“Collaborating with Aviva’s implementation team ensured a record turnaround time of two months to finalise the buy-in and move the Scheme rapidly to buy out.”