Existing LGIM client agrees deal for 2,000 pensioner and deferred members
The fund integrates Paris-aligned reductions in carbon emissions with UN sustainability principles
Provider and insurer also saw a 30% growth in AUM within its DC business
The houses will be delivered by an L&G-founded retirement homes provider
No two DB pension schemes in the UK are the same
It is the insurer’s third APP transaction and the largest APP transaction to date
L&G insures the benefits of around 1,200 members after working with the scheme for 12 years
Deferred members comprised the majority of the insured 530-person cohort
But the targets are supported when explained, with many considering divestment around climate change
Bulk annuity transaction insures more than 80 members and prepares scheme for buyout