L&G completes record £925m APP transaction

It is the insurer’s third APP transaction and the largest APP transaction to date

Holly Roach
clock • 2 min read
L&G's total APP transaction volumes now exceed £1.5bn in value
Image:

L&G's total APP transaction volumes now exceed £1.5bn in value

Legal & General (L&G) has completed a record £925m assured payment policy (APP) transaction.

This is L&G's third APP transaction and the insurer's total APP transaction volumes now exceed £1.5bn in value. This is also the largest APP transaction completed to date. The deal has secure...

To continue reading this article...

Join Professional Pensions

  • Unlimited access to real-time news, analysis and opinion from the industry
  • Receive our in-depth monthly magazine in either print or digital format
  • Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
  • Receive important and breaking news stories selected by the Editors in our daily newsletter
  • Hear from industry experts and other forward-thinking leaders
  • Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date

Join now

 

Already a Professional Pensions member?

Login

More on Defined Benefit

TPO upholds Nest member's personal data complaint

TPO upholds Nest member's personal data complaint

Firm ordered to refund Nest scheme contributions it had deducted

Holly Roach
clock 08 August 2022 • 1 min read
Arter: "Recruitment will enable us to meet the ongoing increase in demand"

Reducing customer waiting times key priority for TPO

63% of customers reported dissatisfaction with the speed their complaint was dealt with

Martin Richmond
clock 03 August 2022 • 3 min read
Industry Voice: Building sustainable DC defaults

Industry Voice: Building sustainable DC defaults

The role of sustainable indexing in evolving default pension offerings

Blackrock
clock 25 July 2022 • 3 min read
Trustpilot