Bulk purchase annuity worth £250m and secure the benefits of 2,200 scheme members

Results state there is ‘no material worsening’ of scheme’s overall funding position

The organisation said schemes reached a new funding record in October

Provider said growth largely due to new business wins and consolidation

Trustees are reportedly set to transfer a third of scheme assets to purchase buy-in policy

Deal secures the benefits of 490 deferred members and 400 pensioner members

Consultancy has taken on an additional £3bn in assets under management as a result

Terms of the transaction, first announced in the summer, were not disclosed

L&G and the trustees of the L&G Master Trust have published a sustainability report

The LGPS pool has committed £6bn capital across all private market segments