L&G agrees £49m buy-in with Triumph International fund

Deal covers all 350 members of the sportswear and lingerie brand’s scheme

James Phillips
clock • 2 min read
L&G agrees £49m buy-in with Triumph International fund

The Triumph International Pension Scheme has agreed a full scheme buy-in with Legal & General (L&G) for around 350 members.

The £49m bulk annuity transaction is pensioner-heavy, insuring benefits for 210 retired members and 140 deferred members. The process was aided by a price lock mechanism upon exclusivity with L&G, granting...

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