Aviva has today announced the successful completion of bulk purchase annuity (BPA) buy-in transactions totalling £113 million with Fenwick’s pension schemes. The transactions are part of a series of deals that stretch back to 2012. This secures all remaining benefits for members of the Fenwick Limited Superannuation Fund and the Fenwick Senior Executive Pension Fund. The scheme’s sponsor is Fenwick Limited, the British department store group. The trustees and sponsor were advised by XPS, who led the transaction processes, with legal advice provided by DLA Piper.