Legal & General completes £95m buy-in with 3i scheme

James Phillips
clock • 1 min read

The 3i Group Pension Plan has agreed a £95m bulk annuity transaction with Legal & General (L&G).

The deal covers around 20% of current pensioner liabilities and, in conjunction with a £200m buy-in with Pension Insurance Corporation (PIC) in 2017, means approximately 60% of pensioner liabilitie...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here

Join now

 

Already a Professional Pensions
member?

Login

James Phillips
Author spotlight

James Phillips

Professional Pensions journalist from 2016-2022

More on Risk Reduction

Five schemes complete buy-ins worth £21.7m with Aviva

Five schemes complete buy-ins worth £21.7m with Aviva

Transactions secure the benefits of 117 pensioners and 60 deferred members

Martin Richmond
clock 20 January 2026 • 3 min read
Dr. Martens scheme completes £37.5m buy-in with PIC

Dr. Martens scheme completes £37.5m buy-in with PIC

Bulk purchase annuity transaction secures benefits of 455 scheme members

Martin Richmond
clock 20 January 2026 • 2 min read
Brittany Ferries scheme completes £35m buy-in with Just Group

Brittany Ferries scheme completes £35m buy-in with Just Group

Deal secures benefits of 175 pensioners and 269 deferred members

Jasmine Urquhart
clock 14 January 2026 • 2 min read
Trustpilot