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

James Phillips
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L&G completed 28 UK deals last year
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L&G completed 28 UK deals last year

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 included...

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