Ofcom completes fifth buy-in with L&G

clock

The Ofcom Staff Pension Plan has secured a £50m buy-in with Legal and General (L&G), covering approximately 30 pensioners and 320 deferred members.

The deal is the fifth struck with L&G in six years and takes the total value of liabilities covered by buy-in contracts to £250m. Ofcom said it had approached trustees to propose further steps t...

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

More on Risk Reduction

A Gomez scheme secures £4.8m buyout deal with Aviva

A Gomez scheme secures £4.8m buyout deal with Aviva

Buy-in took place in July 2024, with buyout secured in January 2025

Holly Roach
clock 10 March 2025 • 2 min read
Inchcape Motors scheme completes £505m buy-in with L&G

Inchcape Motors scheme completes £505m buy-in with L&G

The deal secures the benefits of 2,295 retirees and 5,890 deferred scheme members

Holly Roach
clock 05 March 2025 • 2 min read
PwC index measures £180bn DB surplus in February

PwC index measures £180bn DB surplus in February

Firm says schemes are ‘reconsidering’ strategies

Jasmine Urquhart
clock 03 March 2025 • 2 min read
Trustpilot