L&G writes £8.4bn of UK pension risk transfer business in 2024

Insurer’s full-year results also show ‘continued strong growth’ in the firm’s DC business

Martin Richmond
clock • 2 min read
L&G group chief executive António Simões
Image:

L&G group chief executive António Simões

Legal & General (L&G) wrote £8.4bn of pension risk transfer in the UK in 2024 as well as experiencing a record year of international PRT volumes, according to its full-year results.

The insurer's results, published today (12 March), revealed it had written £10.7bn of global PRT new business across 56 deals, with four deals exceeding £1bn. The firm said this came in addition to...

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 Industry

News Digest: Trump chaos prompts top Canadian and Danish pension funds to cool on US

News Digest: Trump chaos prompts top Canadian and Danish pension funds to cool on US

PP brings together all the latest news on pensions from across the national and financial media

Professional Pensions
clock 14 April 2025 • 1 min read
Professional Pensions: Stories of the week

Professional Pensions: Stories of the week

Dalriada launches DC tool for AVCs, Clara to switch up to 35% of assets into private markets, and a Hymans Robertson report

Professional Pensions
clock 11 April 2025 • 1 min read
Challenges remain as UK economy beats growth expectations in February

Challenges remain as UK economy beats growth expectations in February

UK economic outlook still 'downbeat'

Sorin Dojan
clock 11 April 2025 • 2 min read
Trustpilot