Tom MacAulay from Legal & General's PRT Client Solutions team discusses how Assured Payment Policies can offer material benefit to those pension schemes that have seen funding level improvements, but can't yet afford buyout.
Provider and insurer also saw a 30% growth in AUM within its DC business
It is the insurer’s third APP transaction and the largest APP transaction to date
The Legal & General (L&G) Group UK Senior Pension Scheme has agreed an assured payment policy (APP) deal with its insurer sponsor.