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

L&G secures £800m for smaller schemes through its tailored solution

L&G secures £800m for smaller schemes through its tailored solution

Most transactions with service were with clients of L&G’s asset management business

Jasmine Urquhart
clock 10 April 2025 • 1 min read
Large DB schemes 'dominate' risk transfer market

Large DB schemes 'dominate' risk transfer market

165 deals transacted in H2 2024 as small scheme market continues to grow

Jasmine Urquhart
clock 09 April 2025 • 1 min read
Skipton Building Society secures £105m buy-in with Rothesay

Skipton Building Society secures £105m buy-in with Rothesay

Transaction secures the benefits of all 705 scheme members

Holly Roach
clock 08 April 2025 • 2 min read
Trustpilot