Legal & General

A Pfizer Group-sponsored defined benefit (DB) pension scheme has completed a £190m buy-in with Aviva, following a slow start to the year in bulk annuity business for the insurer.

Legal & General (L&G) has completed a £55m full scheme buy-in with the Chartered Insurance Institute (CII) Pension Scheme.

This week’s top stories include fines issued over audit failures at Associated British Engineering, and the launch of a new carbon metrics reporting tool by CACEIS.

The Nortel Networks UK Pension Plan has agreed a further £105m buyout with Legal & General (L&G), topping up the benefits agreed in a prior deal.

Some 1.7 million workers in their 50s are saving less for retirement due to the pandemic, latest research from Legal & General (L&G) reveals.

Legal & General Investment Management (LGIM) has invested £85m in affordable housing in the North East of England on behalf of clients including pension funds.

Legal & General (L&G) has unveiled fresh interim climate commitments as part of a drive to net-zero portfolio emissions by 2050.

Legal & General saw flat movements in operating profit over the course of 2020, and a fall in profit after tax, although its retirement and investment management businesses grew.

Deutsche Bank AG has agreed a £570m pensioner buy-in with Legal & General for the defined benefit (DB) (UK) Pension Scheme.

After a decade of de-risking, there is still more to do, particularly for those schemes late to the hedging party, writes James Phillips.