Pearson scheme completes £500m buy-in with L&G

James Phillips
clock • 2 min read

The Pearson Pension Plan has entered into a £500m pensioner buy-in with Legal & General (L&G) in the insurer's first deal of 2019.

The transaction insures benefits for around 2,200 current pensioner members, and means the scheme now has bulk annuity policies covering around 50% of its liabilities. Around 95% of pensioner benef...

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James Phillips
Author spotlight

James Phillips

Professional Pensions journalist from 2016-2022

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