L&G announces bulk annuities with UK and US schemes

James Phillips
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L&G said it was its first deal over two jurisdictions
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L&G said it was its first deal over two jurisdictions

Legal & General has agreed two bulk annuity deals worth £116.2m with UK- and US-based IHS Markit schemes.

A £37.8m buy-in to buyout deal was confirmed with the UK-based IHS (Global) Limited Pension and Life Assurance Scheme, covering 150 members. Simultaneously, a £78.4m buy-in was agreed with the US-based...

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