L&G completes £285m buy-in with Fortune 500 company

Victoria Tichá
clock • 2 min read

A US company has completed a £285m pensioner bulk annuity for around 1,100 of UK members with Legal & General (L&G).

The undisclosed company appears in Fortune magazine's annual list of the 500 largest US corporations ranked by revenues. The deal, announced today (18 September), is a full scheme buy-in which i...

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

Victoria Tichá
Author spotlight

Victoria Tichá

View profile
More from Victoria Tichá

HSBC pension scheme to invest £250m in wind and solar

Pension freedoms could rake in £19.2bn of tax over next decade

More on Risk Reduction

Mechanical and electrical scheme powers £2m full buy-in with Legal & General
Risk Reduction

Mechanical and electrical scheme powers £2m full buy-in with Legal & General

Bulk annuity transaction secures benefits of 16 pensioners and three deferred members

Martin Richmond
Martin Richmond
clock 08 November 2024 • 2 min read
FTSE 100 surpluses increased to £65bn in October
Risk Reduction

FTSE 100 surpluses increased to £65bn in October

LCP’s Pensions Explorer notes impact of Budget on sponsor costs and pension decision-making

Jasmine Urquhart
Jasmine Urquhart
clock 08 November 2024 • 1 min read
Halma and Apollo schemes secure buy-in deals with Standard Life worth £250m
Risk Reduction

Halma and Apollo schemes secure buy-in deals with Standard Life worth £250m

Bulk purchase annuity worth £250m and secure the benefits of 2,200 scheme members

Holly Roach
Holly Roach
clock 07 November 2024 • 2 min read
Trustpilot