Selecta enters £250m buy-in deal with L&G

Existing LGIM client agrees deal for 2,000 pensioner and deferred members

James Phillips
clock • 2 min read
Scheme trustee and Independent Trustee Services director Dinesh Visevadia
Image:

Scheme trustee and Independent Trustee Services director Dinesh Visevadia

The Selecta UK Pension Plan has agreed a £250m buy-in with Legal & General (L&G) Assurance Society.

The 2,000-member deal completed in August and splits equally between pensioners and deferred members based on member count. The scheme was an existing client of Legal & General Investment Manage...

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

James Phillips
Author spotlight

James Phillips

Professional Pensions journalist from 2016-2022

More on Appointments

People Moves: Appointment at Insight Investment

People Moves: Appointment at Insight Investment

David McNeil joins the firm as head of responsible investment research

Professional Pensions
clock 08 August 2022 • 1 min read
David Saunders

Sackers announces seven promotions for 2022

Law firm makes moves across partner, associate director and senior associate roles

Hope William-Smith
clock 02 August 2022 • 1 min read
PPF makes new appointment to specialist admin panel

PPF makes new appointment to specialist admin panel

Quantum Advisory joins three companies who have been on panel since 2016

Martin Richmond
clock 02 August 2022 • 1 min read
Trustpilot