QinetiQ Pension Scheme agrees £130m buy-in with L&G

Bulk annuity deal covers pension benefits for 390 new retirees since a previous deal in April 2019

Hope William-Smith
clock • 2 min read

The QinetiQ Pension Scheme has agreed a £130m buy-in with Legal & General (L&G) in its first transaction with the provider.

The scheme of the defence technology company has now insured the benefits for 390 new retirees gained since a £690m pensioner buy-in with Scottish Widows carried out in April 2019. An umbrella c...

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