L&G writes £8.4bn of UK pension risk transfer business in 2024

Insurer’s full-year results also show ‘continued strong growth’ in the firm’s DC business

Martin Richmond
clock • 2 min read
L&G group chief executive António Simões
Image:

L&G group chief executive António Simões

Legal & General (L&G) wrote £8.4bn of pension risk transfer in the UK in 2024 as well as experiencing a record year of international PRT volumes, according to its full-year results.

The insurer's results, published today (12 March), revealed it had written £10.7bn of global PRT new business across 56 deals, with four deals exceeding £1bn. The firm said this came in addition to...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • 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

Join now

 

Already a Professional Pensions
member?

Login

More on Industry

Guided retirement to be 'real opportunity' but challenge will be balancing choice and protection

Guided retirement to be 'real opportunity' but challenge will be balancing choice and protection

Zedra says guided retirement and targeted support could be ‘turning point’ for pensions

Holly Roach
clock 13 October 2025 • 1 min read
News Digest: L&G plots swoop for NatWestCushon; Capita gets final OK to run Civil Service Pension Scheme

News Digest: L&G plots swoop for NatWestCushon; Capita gets final OK to run Civil Service Pension Scheme

PP brings together all the latest news on pensions from across the national and financial media

Professional Pensions
clock 13 October 2025 • 1 min read
Professional Pensions: Stories of the week

Professional Pensions: Stories of the week

TPT run-on DB superfund, Pensions UK to make subscription model changes, pensions minister speaks at a conference

Professional Pensions
clock 10 October 2025 • 1 min read
Trustpilot