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

Royal Horticultural Society scheme secures £22m buy-in with Royal London

Royal Horticultural Society scheme secures £22m buy-in with Royal London

Transaction secures the benefits of 230 pension scheme members

Holly Roach
clock 13 August 2026 • 2 min read
Utmost Life and Pensions appoints Aberdeen to manage CRE lending brief

Utmost Life and Pensions appoints Aberdeen to manage CRE lending brief

Deal will support insurer’s growing bulk annuity business

Jonathan Stapleton
clock 12 August 2026 • 2 min read
Royal Society of Chemistry solidifies £83m buy-in with PIC

Royal Society of Chemistry solidifies £83m buy-in with PIC

Transaction secures the benefits of 468 pension scheme members

Holly Roach
clock 11 August 2026 • 1 min read
Trustpilot