Anglo American completes £785m combined buy-in transaction with L&G

Deal covers three schemes and secures the benefits for 5,100 retirees and 2,500 deferred members

Holly Roach
clock • 3 min read
Anglo American completes £785m combined buy-in transaction with L&G

Anglo American has secured a combined buy-in transaction with Legal & General (L&G) covering three of its pension schemes.

The buy-ins – part of a combined transaction – cover the Tarmac UK Pension Scheme, the Tarmac ‘B' Pension Scheme and the Anglo UK Pension Scheme. The deal secures the benefits for over 5,100 ret...

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 Risk Reduction

Phoenix Medical Supplies scheme secures £30m buy-in with Canada Life

Phoenix Medical Supplies scheme secures £30m buy-in with Canada Life

Full scheme buy-in secures the benefits of over 145 pensioners and 80 deferred members

Holly Roach
clock 23 March 2026 • 2 min read
Exclusive: M&G says BPA with-profits proposition to be 'core' market offering

Exclusive: M&G says BPA with-profits proposition to be 'core' market offering

Kerrigan Procter says insurer expects to transact £3bn-£4bn of BPA volumes by 2027

Martin Richmond
clock 23 March 2026 • 2 min read
LGPS funding 'remains strong' at 145%

LGPS funding 'remains strong' at 145%

Isio Low-Risk Funding Index shows total surplus of £148bn at end of Q4 2025

Jasmine Urquhart
clock 19 March 2026 • 1 min read
Trustpilot