Mitchells & Butlers serves up £650m buy-in with L&G

Deal with pub and restaurant operator is the 20th to be announced by the insurer this year

James Phillips
clock • 2 min read
Mitchells & Butlers runs a number of pub and restaurant chains, including Toby Carvery. Photo: Mitchells & Butlers
Image:

Mitchells & Butlers runs a number of pub and restaurant chains, including Toby Carvery. Photo: Mitchells & Butlers

Legal and General (L&G) Assured Society has secured the benefits of all members in the Mitchells & Butlers Executive Pension Plan in a buy-in for around £650m.

The full-scheme bulk annuity deal builds on an existing relationship between L&G Investment Management and the pub and restaurant operator's defined contribution assets. Trustee chairman Jonathan Duck...

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