Legal & General completes £95m buy-in with 3i scheme

James Phillips
clock • 1 min read

The 3i Group Pension Plan has agreed a £95m bulk annuity transaction with Legal & General (L&G).

The deal covers around 20% of current pensioner liabilities and, in conjunction with a £200m buy-in with Pension Insurance Corporation (PIC) in 2017, means approximately 60% of pensioner liabilitie...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Join now

 

Already a Professional Pensions
member?

Login

James Phillips
Author spotlight

James Phillips

Professional Pensions journalist from 2016-2022

More on Risk Reduction

Exploring the advantages of BPA value share arrangements

Exploring the advantages of BPA value share arrangements

Argyll Covenant’s Paul Galpin and Richard Hall explore the ‘new type of BPA structure’

Paul Galpin and Richard Hall
clock 18 December 2024 • 5 min read
G R Wright & Sons scheme secures £4m buy-in deal with Just Group

G R Wright & Sons scheme secures £4m buy-in deal with Just Group

Full scheme buy-in secures the benefits of all 13 members

Holly Roach
clock 18 December 2024 • 2 min read
PIC teams up with SEI Master Trust to offer bulk DC transfer service

PIC teams up with SEI Master Trust to offer bulk DC transfer service

Collaboration aims to improve member outcomes

Jonathan Stapleton
clock 17 December 2024 • 1 min read
Trustpilot