ICI Pension Fund completes £900m buy-in with L&G

Transaction secures the benefits of more than 7,000 retirees as part of ‘umbrella’ agreement

Jasmine Urquhart
clock • 1 min read
ICI Pension Fund completes £900m buy-in with L&G

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...

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Jasmine Urquhart
Author spotlight

Jasmine Urquhart

Senior Correspondent at Professional Pensions

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