L&G reports £10.3bn of bulk annuities in 2019; DC assets up 33%

James Phillips
clock • 2 min read

Legal & General (L&G) completed 28 bulk annuity transactions with UK pension schemes over the course of 2019, its annual report reveals.

The insurer secured £10.3bn of scheme benefits, a 20% increase on 2018 when £8.6bn of benefits were insured. The average transaction size for 2019 was around £370m. Last year's transactions incl...

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

Bibby Line Group secures £55m buy-in with PIC

Bibby Line Group secures £55m buy-in with PIC

Transaction secures the benefits of 667 scheme members

Holly Roach
clock 04 February 2026 • 2 min read
British Board of Agrément scheme completes £20m full buyout with Aviva

British Board of Agrément scheme completes £20m full buyout with Aviva

Transaction fully secures the benefits of 39 deferred members and 82 pensioners

Martin Richmond
clock 03 February 2026 • 2 min read
Royal Star & Garter secures £16m buy-in with Just Group

Royal Star & Garter secures £16m buy-in with Just Group

Transaction secures the benefits of 186 pensioners and 65 deferred members

Holly Roach
clock 02 February 2026 • 2 min read
Trustpilot