Sanofi scheme enters into £760m buy-in with L&G

Covid-19 vaccine manufacturer’s scheme insures 2,900 pensioner members

James Phillips
clock • 2 min read
Sanofi manufactures three of the leading Covid-19 vaccines
Image:

Sanofi manufactures three of the leading Covid-19 vaccines

The Sanofi Pension Scheme has insured the benefits of around 2,900 pensioner members in a £760m buy-in with Legal & General (L&G) Assurance Society.

It is the scheme's first bulk annuity deal with L&G, although it is a long-term client of L&G Investment Management (LGIM). The company manufactures healthcare products, including around half a ...

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

STS Field Grant scheme secures £5m buy-in with Aviva

STS Field Grant scheme secures £5m buy-in with Aviva

Transaction secures the benefits of 14 deferred and 34 pensioner members

Holly Roach
clock 06 July 2026 • 2 min read
Oil and gas sector scheme secures £48m buy-in with Canada Life

Oil and gas sector scheme secures £48m buy-in with Canada Life

Transaction secures the benefits of 500 pensioner and deferred members

Holly Roach
clock 02 July 2026 • 1 min read
Royal Institute of British Architects scheme completes £35m buy-in with PIC

Royal Institute of British Architects scheme completes £35m buy-in with PIC

Transaction secures the benefits of 186 scheme members

Holly Roach
clock 25 June 2026 • 2 min read
Trustpilot