Sanofi scheme completes £1.4bn buy-in with Legal & General

Transaction secures the benefits for more than 10,000 retirees and deferred members

Martin Richmond
clock • 3 min read
Sanofi scheme completes £1.4bn buy-in with Legal & General

The Sanofi Pension Scheme has completed a £1.4bn buy-in with Legal & General (L&G).

The bulk annuity transaction for the scheme has fully secured the benefits of 4,900 retirees and 5,600 deferred members. The scheme is sponsored by Aventis Pharma, which is part of the French multi...

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