Selecta enters £250m buy-in deal with L&G

Existing LGIM client agrees deal for 2,000 pensioner and deferred members

James Phillips
clock • 2 min read
Scheme trustee and Independent Trustee Services director Dinesh Visevadia
Image:

Scheme trustee and Independent Trustee Services director Dinesh Visevadia

The Selecta UK Pension Plan has agreed a £250m buy-in with Legal & General (L&G) Assurance Society.

The 2,000-member deal completed in August and splits equally between pensioners and deferred members based on member count. The scheme was an existing client of Legal & General Investment Manage...

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

Clarks Footwear scheme secures £540m buy-in deal with PIC

Clarks Footwear scheme secures £540m buy-in deal with PIC

Second deal between PIC and the scheme means all its DB liabilities are now insured

Holly Roach
clock 07 January 2025 • 2 min read
Updated: The biggest buy-ins and buyouts since 2007

Updated: The biggest buy-ins and buyouts since 2007

Professional Pensions rounds up the largest block transfers of liabilities to insurers

Professional Pensions
clock 07 January 2025 • 1 min read
Run-on, self-sufficiency or buyout? How to prepare for your long-term endgame

Run-on, self-sufficiency or buyout? How to prepare for your long-term endgame

What is the right long-term objective for pension schemes?

Professional Pensions
clock 06 January 2025 • 20 min read
Trustpilot