Siemens completes £530m buy-in with L&G

James Phillips
clock • 2 min read

The Siemens Benefits Scheme has agreed a £530m buy-in with Legal & General (L&G), insuring the benefits of more than 2,300 pensioner members.

The scheme has now agreed an umbrella contract with the insurer, allowing future bulk annuity transactions to be completed in an efficient and timely manner when market conditions are appropriate. ...

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

Join now

 

Already a Professional Pensions
member?

Login

James Phillips
Author spotlight

James Phillips

Professional Pensions journalist from 2016-2022

More on Risk Reduction

L&G set to return PRT capital to shareholders as result of low strain in 2024

L&G set to return PRT capital to shareholders as result of low strain in 2024

Insurer estimated to write £8.4bn of PRT deals in 2024 as part of target of £50-65bn by 2028

Jonathan Stapleton
clock 04 December 2024 • 3 min read
Buy-in and buyout transactions reach record levels in Q3 2024

Buy-in and buyout transactions reach record levels in Q3 2024

Hymans estimates total bulk annuity volumes for the year will be between £40bn and £45bn

Martin Richmond
clock 04 December 2024 • 1 min read
Avimo Pension Scheme agrees £50m full buy-in with Rothesay

Avimo Pension Scheme agrees £50m full buy-in with Rothesay

Full scheme transaction secures the benefits of all 611 members

Holly Roach
clock 04 December 2024 • 2 min read
Trustpilot