L&G
Legal & General signs annuity deal with PensionBee
Legal & General (L&G) has agreed a deal with PensionBee that will see its retirement income business provide annuities to the online pension provider’s customers.
Countrywide Farmers scheme completes £100m PPF+ buy-in with L&G
The Countrywide Farmers Retirement Benefits has secured a £100m buy-in with Legal & General, insuring members’ benefits above Pension Protection Fund (PPF) compensation levels.
Using pension risk transfer to plug the UK's £1trn infrastructure gap
The money used to insure pension liabilities can help met the government’s agenda to ‘build, build, build’, says Johnny Chow
L&G pensions portal opens to 3.7 million people
Legal & General has switched on a “manage your account” portfolio for 3.7 million defined contribution (DC) scheme members across the UK.
Values versus valuations: The LGPS and ESG
James Sparshott explores what the recent Supreme Court judgment on LGPS investing will mean for ESG integration
The real deal? Buy-in and buyout pricing during Covid-19
Chris DeMarco explains why the Covid-19 has increased opportunities for schemes to de-risk via bulk annuities.
L&G agrees £650m buy-in with 3i scheme
The 3i Group Pension Plan has agreed a £650m buy-in with Legal & General (L&G), insuring the remaining benefits within the scheme.
L&G announces bulk annuities with UK and US schemes
Legal & General has agreed two bulk annuity deals worth £116.2m with UK- and US-based IHS Markit schemes.
A safe harbour: How the Dock Workers Pension Fund reached buyout
Key players in the Dock Workers Pension Fund tell James Phillips the tale of getting to endgame ahead of plan
LGIM appoints three trustees to L&G Mastertrust board
Legal & General Investment Management (LGIM) has announced the appointment of three new trustees to the L&G Mastertrust Board and a new member to its Independent Governance Committee (IGC).
L&G IGC reports 'very good value for money' in lead up to Covid-19
Legal & General has been providing strong value for money to the members of its workplace pension business, according to its Independent Governance Committee (IGC).
L&G reports £10.3bn of bulk annuities in 2019; DC assets up 33%
Legal & General (L&G) completed 28 bulk annuity transactions with UK pension schemes over the course of 2019, its annual report reveals.
AIB secures £1.1bn de-risking deal targeting full buy-in
Allied Irish Bank (AIB) has secured an £850m buy-in for its UK pension scheme with Legal & General (L&G).
Five stories you may have missed this week
This week’s top stories included the selection of BlackRock as fiduciary manager for the £4bn legacy Electricity Supply Pension Scheme.
National Grid agrees £1.6bn buy-in with L&G in second deal this year
The National Grid UK Pension Scheme has agreed its second buy-in this year, transferring £1.6bn of pension risk to Legal & General (L&G).
L&G launches annuity comparison service
Legal & General (L&G) has launched an online annuity searching tool, allowing consumers to compare rates across six leading providers.
Manchester Airport Group members to be transferred to L&G master trust
Manchester Airport Group (MAG) has selected Legal and General (L&G) to run a master trust scheme for its employees after a review of its defined contribution arrangement, PP has learned.
Prudential agrees annuity deal with L&G
Legal and General (L&G) Retail Retirement has agreed an introducer agreement within its retirement income division to provide annuities to Prudential customers with guaranteed rates.
Tate & Lyle secures £930m buy-in with L&G
The Tate & Lyle Pension Scheme has completed a £930m full buy-in with Legal & General (L&G), insuring benefits for around 4,800 members.
Five stories you may have missed this week
This week's top stories included Legal & General acquiring MyFutureNow to provide a dashboard service to customers, while also agreeing a hybrid buy-in with a Hitachi scheme.
Hitachi scheme agrees hybrid benefit buy-in with L&G
The Hitachi Data Systems Retirement Benefits Plan has agreed a buy-in with Legal & General (L&G) Assurance Society, covering both defined benefit (DB) and defined contribution (DC) provision.
L&G acquires MyFutureNow to provide 'dashboard view' of member pots
Legal and General (L&G) Retail Retirement has purchased a 100% stake in MyFutureNow - which specialises in pension pot tracing and consolidation - for an undisclosed price.
Bulk annuity market breaks yet another record with £17bn of first half deals
Around £17.5bn of buy-ins and buyouts were transacted in the first half of the year as market records continue to tumble.
L&G reports £6.3bn of bulk annuity sales in H1 as DC assets soar by 35%
Legal & General (L&G) completed £6.3bn of buy-ins and buyouts in the first six months of the year, with another £923m deal completed in July, the firm's half year results confirm.
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