L&G agrees £400m deal with own scheme

James Phillips
clock • 2 min read
Martin: This is a very significant moment in the scheme’s lifetime
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Martin: This is a very significant moment in the scheme’s lifetime

The Legal & General (L&G) Group UK Senior Pension Scheme has agreed an assured payment policy (APP) deal with its insurer sponsor.

Completed in December, the deal sees L&G take some of the risks associated with liabilities for around 200 deferred and 385 pensioner members. The transaction will see L&G provide insurance for specific...

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