L&G
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.
How Rolls-Royce completed its £4.6bn buyout with L&G
Following Rolls-Royce's record buyout earlier this month, James Phillips speaks to some of the key players about the process.
L&G deploys blockchain technology to streamline pension reinsurance
Legal & General Reinsurance (L&G) has launched what it claims is the UK's first pension risk transfer (PRT) execution platform to be driven by blockchain technology.
Five stories you may have missed this week
This week's top stories included Legal & General completing a record-breaking buyout with the Rolls-Royce UK Pension Fund, and the government setting out plans for flexible NHS pensions.
Legal & General completes record-breaking £4.6bn partial buyout with Rolls-Royce
The Rolls-Royce UK Pension Fund (RRPF) has insured benefits for around 33,000 pensioners in a record-breaking buyout with Legal & General (L&G).
Pension consolidator vehicles: an insurer's perspective
In the second of a two-part series, Russell Lee (left) and Tom MacAulay (right) from Legal & General's Pension Risk Transfer business look at pension consolidation vehicles (PCVs) from an insurance perspective
Legal & General completes £95m buy-in with 3i scheme
The 3i Group Pension Plan has agreed a £95m bulk annuity transaction with Legal & General (L&G).
L&G IGC reports 'good progress' over 2018 as costs and charges kept low
Legal and General's (L&G) independent governance committee (IGC) has said the provider "used scale" to keep transaction costs low for funds in its workplace pensions business over 2018.
Updated: L&G's two master trusts authorised by regulator
Legal & General's (L&G) two master trusts have been authorised, four months after they submitted their applications.
Howden scheme agrees £230m buy-in with L&G
The Howden Group Pension Plan has completed a full pensioner buy-in with Legal & General (L&G), insuring benefits for around 2,000 members.
L&G posts 10% rise in profits; LGIM unveils 18% rise in DC assets
Legal & General (L&G) has published its 2018 results, revealing a 10% rise in operating profits driven by strong growth in both its retirement and defined contribution (DC) businesses.
Pearson scheme completes £500m buy-in with L&G
The Pearson Pension Plan has entered into a £500m pensioner buy-in with Legal & General (L&G) in the insurer's first deal of 2019.
American bulk annuity boom could squeeze UK market
Buy-in and buyout pricing for British pension schemes could hike if the US or Canadian bulk annuity markets boom, Legal and General (L&G) has predicted.
Segars becomes member of L&G's IGC
Legal and General (L&G) has appointed Joanne Segars as a member of its independent governance committee (IGC).
Three more master trusts apply for authorisation; L&G confirms submission
Just six of the remaining 49 defined contribution master trusts have applied for authorisation to The Pensions Regulator (TPR) since its regime came into force last October.
Bulk annuity administration - considerations for trustees
Yawar Choudhry of Legal & General looks at factors trustees should take into account when embarking on a buy-in or buyout
Exclusive: Smart Pension to launch financial well-being app
Smart Pension will roll out an online financial well-being application to help members make decisions about their money in Q1 next year.
Exclusive: Smart Pension and L&G unveil 'at retirement' proposition demo
Smart Pension and Legal & General (L&G) have unveiled a prototype demo of their workplace retirement income product which combines drawdown and annuities, exclusively to PP.
UPDATED: Nortel scheme secures PPF-plus benefits in £2.4bn buyout with L&G
The beleaguered Nortel Networks UK Pension Plan has entered into a £2.4bn buyout with Legal & General (L&G), insuring members' benefits nearly a decade after its sponsor collapsed.
Pensions industry heavyweights lead 'mid-life MOT' development
A handful of industry heavyweights have begun trialling a so-called 'mid-life MOT', with positive initial results reported by all those involved.
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