Legal & General completes largest pension buyout of 2016

Helen Morrissey
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Legal & General completes largest pension buyout of 2016

Legal & General has completed a £1.1bn pension buyout for the Vickers Group Pension Scheme which is part of the Rolls-Royce Group.

The deal, which is the largest buyout of 2016 to date, covers over 11,000 members. Legal & General worked with the trustees and scheme adviser Mercer to complete the deal. Rolls Royce head of pensions...

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