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
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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 billion...

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