Ridgeon scheme agrees £50m buyout with L&G

Deferred members comprised the majority of the insured 530-person cohort

James Phillips
clock • 2 min read

The Ridgeon Group Pension and Life Assurance Scheme has insured the full benefits of 530 members in a £50m buyout deal with Legal & General (L&G).

The transaction completed in March and covered mostly deferred members, who comprised 300 of the building material merchant's scheme cohort. The buyout was also supported by an additional cash i...

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

James Phillips
Author spotlight

James Phillips

Professional Pensions journalist from 2016-2022

More on Risk Reduction

Elementis Group Pension Scheme completes £300m buy-in with Aviva

Elementis Group Pension Scheme completes £300m buy-in with Aviva

Transaction secures the benefits of 4,500 scheme members

Holly Roach
clock 03 August 2026 • 3 min read
Aon launches Future DB to streamline endgame journeys

Aon launches Future DB to streamline endgame journeys

Head of UK retirement Ben Roe says newly announced surplus flexibilities are prompting schemes to revisit endgame decisions

Jonathan Stapleton
clock 03 August 2026 • 4 min read
Hickson scheme completes £208m buy-in with Royal London

Hickson scheme completes £208m buy-in with Royal London

BPA transaction secures the benefits of more than 1,250 members of the scheme

Martin Richmond
clock 31 July 2026 • 1 min read
Trustpilot