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. ...

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James Phillips
Author spotlight

James Phillips

Professional Pensions journalist from 2016-2022

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