The ICI Pension Fund has completed a £900m buy-in with Legal & General (L&G) as part of an “umbrella” agreement.
The buy-in, which secures the benefits of more than 7,000 retirees, is the twelfth transaction since the fund entered into an agreement with L&G in 2014. Since then, £7bn worth of transactions h...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
In just a few clicks you can start your free Professional Pensions Lite membership, providing you access to:
- 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
