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

Steamship pension scheme secures £55m buy-in with Royal London

Steamship pension scheme secures £55m buy-in with Royal London

Deal is the first in the UK between a mutual BPA provider and the scheme of another mutual insurance company

Holly Roach
clock 02 December 2025 • 2 min read
CF Fertilisers and M&G complete £265m combined buy-in transaction

CF Fertilisers and M&G complete £265m combined buy-in transaction

The full buy-in for two pension schemes secures the benefits of over 1,350 retirees and deferred members

Holly Roach
clock 01 December 2025 • 2 min read
A bird in the hand: The additional factors for trustees to consider around endgame planning

A bird in the hand: The additional factors for trustees to consider around endgame planning

Claire Altman says we need to ensure schemes have the information to make the best choice

Claire Altman
clock 28 November 2025 • 3 min read
Trustpilot