Transaction has secured the benefits of all 89 members of the scheme
Buy-in set to secure the benefits of six pension scheme members
Second deal for two-section scheme sees all members’ benefits now insured
Deal with pub and restaurant operator is the 20th to be announced by the insurer this year
Provider and insurer also saw a 30% growth in AUM within its DC business
Bulk annuity transaction insures more than 80 members and prepares scheme for buyout
Legal & General (L&G) completed 28 bulk annuity transactions with UK pension schemes over the course of 2019, its annual report reveals.
Legal & General (L&G) has published its 2018 results, revealing a 10% rise in operating profits driven by strong growth in both its retirement and defined contribution (DC) businesses.
Over three-quarters of investment managers are male, while over four in ten are white British, according to research by the Diversity Project.
Legal & General (L&G) has recorded a bumper first half of the year for de-risking deals as its business in this area more than doubled from the same period in 2016.