Ofcom completes fifth buy-in with L&G

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The Ofcom Staff Pension Plan has secured a £50m buy-in with Legal and General (L&G), covering approximately 30 pensioners and 320 deferred members.

The deal is the fifth struck with L&G in six years and takes the total value of liabilities covered by buy-in contracts to £250m. Ofcom said it had approached trustees to propose further steps t...

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