UK - Weir Group, a FTSE250 listed pumps manufacturer, has sold part of its pension plan to insurance provider Legal & General (L&G).
L&G will receive £240m (US$480m) of Weir's bond portfolio segment of the £550m (US$1.1bn) pension fund and assume the liabilities of currently retired scheme members early in the New Year. Wei...
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