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...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here

Join now

 

Already a Professional Pensions
member?

Login

More on Risk Reduction

Scandinavian Airlines System secures £61.8m buy-in with Just Group

Scandinavian Airlines System secures £61.8m buy-in with Just Group

Transaction secures the benefits of 708 pension scheme members

Holly Roach
clock 26 May 2026 • 2 min read
Abbey Life scheme secures £200m buy-in with Standard Life

Abbey Life scheme secures £200m buy-in with Standard Life

Deal secures the benefits of 1,500 members of the Standard Life sponsored scheme

Holly Roach
clock 20 May 2026 • 2 min read
Leeds Building Society scheme completes £66m buy-in with Royal London

Leeds Building Society scheme completes £66m buy-in with Royal London

Bulk purchase annuity transaction secures the benefits for 590 members

Martin Richmond
clock 13 May 2026 • 2 min read
Trustpilot