Deutsche Bank agrees £570m buy-in with L&G

James Phillips
clock • 2 min read
The deal completed last year
Image:

The deal completed last year

Deutsche Bank AG has agreed a £570m pensioner buy-in with Legal & General for the defined benefit (DB) (UK) Pension Scheme.

An existing client of L&G Investment Management (LGIM), the scheme has assets of £4.5bn and a funding surplus, the insurer said, and this deal represents the first step towards a medium-term objective...

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