United Utilities agrees £1.8bn buy-in with L&G

Two thirds of the liabilities of water company schemes secured with existing manager L&G

Jasmine Urquhart
clock • 2 min read
United Utilities manages water from 166 reservoirs including Haweswater Reservoir in Cumbria
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United Utilities manages water from 166 reservoirs including Haweswater Reservoir in Cumbria

Legal & General (L&G) has announced a £1.8bn buy-in with the trustees of two schemes sponsored by United Utilities.

The United Utilities Pension Scheme and the United Utilities PLC Group of the Electricity Supply Pension Scheme have had two-thirds of their liabilities secured by the transactions. The schemes ...

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Jasmine Urquhart
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Jasmine Urquhart

Senior Correspondent at Professional Pensions

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