L&G transacts £507m bulk annuities in quieter H1 but expects 'exceptionally busy' H2

Victoria Tichá
clock • 2 min read

Legal & General (L&G) has announced bulk annuity sales in the first half were £1bn lower than last year, but it expects another £7bn of deals in the second half.

In its half yearly report published 09 August, L&G said it completed 14 UK pension scheme buy-ins and buyouts totalling £0.5bn in H1, compared to £1.5bn in the first half of 2017. The insurer is...

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

Join now

 

Already a Professional Pensions
member?

Login

More on Risk Reduction

ELG Metals UK scheme completes £28m buy-in with Just

ELG Metals UK scheme completes £28m buy-in with Just

Transaction secures the benefits of 99 deferred members and 81 pensioners

Martin Richmond
clock 24 April 2025 • 2 min read
Strategic run-on market set for influx of new entrants this year, EY report says

Strategic run-on market set for influx of new entrants this year, EY report says

Attractiveness of strategic run-on to grow as concept gains traction

Jasmine Urquhart
clock 17 April 2025 • 3 min read
The real question trustees should be asking – why?

The real question trustees should be asking – why?

Antony Miller asks why innovation in DB consolidation is moving at such a snail’s pace

Antony Miller
clock 16 April 2025 • 3 min read
Trustpilot