L&G agrees £650m buy-in with 3i scheme

The 3i Group Pension Plan has agreed a £650m buy-in with Legal & General (L&G), insuring the remaining benefits within the scheme.
It is the second buy-in with the insurer since the scheme began using Legal & General Investment Management in 2004 and covers the entitlements of around 280 pensioners and 570 deferred members. A £95m...
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