ICI Pension Fund completes £900m buy-in with L&G

Transaction secures the benefits of more than 7,000 retirees as part of ‘umbrella’ agreement

Jasmine Urquhart
clock • 1 min read
ICI Pension Fund completes £900m buy-in with L&G

The ICI Pension Fund has completed a £900m buy-in with Legal & General (L&G) as part of an “umbrella” agreement.

The buy-in, which secures the benefits of more than 7,000 retirees, is the twelfth transaction since the fund entered into an agreement with L&G in 2014. Since then, £7bn worth of transactions h...

To continue reading this article...

Join Professional Pensions

  • Unlimited access to real-time news, analysis and opinion from the industry
  • Receive our in-depth monthly magazine in either print or digital format
  • Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
  • Receive important and breaking news stories selected by the Editors in our daily newsletter
  • Hear from industry experts and other forward-thinking leaders
  • Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date

Join now

 

Already a Professional Pensions
member?

Login

Jasmine Urquhart
Author spotlight

Jasmine Urquhart

Senior Correspondent at Professional Pensions

More on Risk Reduction

Pharmacists look to appeal over Boots Pension Scheme buy-in complaints

Pharmacists look to appeal over Boots Pension Scheme buy-in complaints

PDA Union says it will exhaust internal dispute processes before taking case to Ombudsman

Jonathan Stapleton
clock 12 June 2024 • 2 min read
L&G targets PRT volumes of up to £65bn by 2028 as part of strategy refresh

L&G targets PRT volumes of up to £65bn by 2028 as part of strategy refresh

Move aims to increase store of future profit and help catalyse asset management growth

Jonathan Stapleton
clock 12 June 2024 • 3 min read
Medical Protection Society pens £125m buy-in deal with Rothesay

Medical Protection Society pens £125m buy-in deal with Rothesay

The full buy-in secures the benefits of all 618 scheme members

Holly Roach
clock 11 June 2024 • 2 min read
Trustpilot