Hitachi completes £275m buy-in with L&G

James Phillips
clock • 2 min read
The deal covers remaining deferred and pensioner members
Image:

The deal covers remaining deferred and pensioner members

The Hitachi UK Pension Scheme has agreed and completed a £275m buy-in deal with Legal & General (L&G) covering the remaining benefits in the scheme.

The deal insures the entitlements of deferred and pensioner members who were not covered by a buy-in with Scottish Widows in 2018. A price lock was utilised to give trustees transaction certaint...

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James Phillips
Author spotlight

James Phillips

Professional Pensions journalist from 2016-2022

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