
News and insights
Keep up to date with our latest news and insights
Press releases

Legal & General completes £505 million buy-in with the Inchcape Motors Pension Scheme
We announced the 2024 completion of a £505 million buy-in with the Inchcape Motors Pension Scheme, securing the benefits of 2,295 retirees and 5,890 deferred members.

Legal & General completes £505 million buy-in with the Inchcape Motors Pension Scheme
We announced the 2024 completion of a £505 million buy-in with the Inchcape Motors Pension Scheme, securing the benefits of 2,295 retirees and 5,890 deferred members.

Legal & General completes £370 million buy-in with the TUI Group UK Pension Trust
We have completed a £370 million buy-in with the BAL section of the TUI Group UK Pension Trust.

Legal & General completes £1.4 billion buy-in with the Sanofi Pension Scheme
We completed a £1.4 billion buy-in with the Sanofi Pension Scheme, securing the benefits of 4,900 retirees and 5,600 deferred members.

Legal & General completes £34 million buy-in with Walkers Shortbread Limited Retirement Benefits Scheme
We completed a £34 million buy-in with Walkers Shortbread's Retirement Benefits Scheme, securing benefits for 161 retirees and 238 deferred members.

Legal & General completes £1.1 billion full buy-in with Deutsche Bank Pension Scheme
We completed a £1.1 billion buy-in with Deutsche Bank's UK Pension Scheme, securing benefits for around 4,000 members and bringing total insured liabilities to £2.1 billion.

Legal & General completes £1.1 billion buy-in with the SCA UK Pension Plan
We completed a £1.1 billion buy-in with the SCA UK Pension Plan

Legal & General completes £21 million buy-in with The Leprosy Mission Central Pension Scheme
We completed a £21 million buy-in with The Leprosy Mission Central Pension Scheme

Legal & General completes third and final buyout with the Nortel Networks UK Pension Plan
We completed our third and final buyout with the Nortel Networks UK Pension Plan

Legal & General agrees £900 million buy-in with the ICI Pension Fund
We completed a c.£900 million buy-in with the ICI Pension Fund (“the Fund”), securing the benefits of over 7,000 retirees.

Legal & General £16 million buy-in with John Graham (Dromore) Limited Pension and Life Assurance Scheme
£16 million buy-in with John Graham (Dromore) Limited Pension and Life Assurance Scheme

Legal & General completes £500m buy-in with Deutsche Bank Pension Scheme
We completed a c.£500 million buy-in with the DB (UK) Pension Scheme, securing the benefits of around 2,000 retirees and deferred members.

Legal & General agrees c.£340m buy-in with the Cable and Wireless Superannuation Fund
C.£340 million buy-in with the Cable and Wireless Superannuation Fund, securing the benefits of around 1,800 retirees and deferred members.
Reports
2024 PRT market update
Exploring our 2024 full year business performance and industry trends.


Endgame Insights
Our new report seeks to demystify the ‘endgame’ landscape and explore how Trustees can get the best outcome for their schemes.

Q3 PRT Monitor 2024
Read our latest Q3 PRT monitor analysing the growing momentum in the US market

PRT update – half year 2024
Download our half year 2024 PRT market update and latest client and customer service report


Market update FY 2023
Download our full-year 2023 PRT market update and latest client service report.

UK and US PRT Monitor - February 2024
We have published our latest Pension Risk Transfer (PRT) Monitor, analysing the growing momentum in the UK and US PRT markets.

Pension Risk Transfer Monitor - August 2023
We have published our latest Pension Risk Transfer (PRT) Monitor, analysing trends and dynamics in the UK and US PRT markets.

PRT update – half year 2023
Download our half-year 2023 PRT market update and latest client service report.

UK and US PRT Monitor - February 2023
View our latest Pension Risk Transfer (PRT) Monitor, analysing the growing momentum in the UK and US PRT markets.

Best Practice Guide
This insurer-led Best Practice Guide aims to help pension schemes to prepare for a quotation and drive greater standardisation and efficiencies across the market.
Articles

A proud signatory to the Sustainability Principles Charter for the bulk annuity process
We are proud to be founding signatory to Accounting for Sustainability’s Charter released early in 2024.

Building meaningful connections with our customers
We aim to put customers at the heart of everything we do, which is why we host regular events throughout the year, enabling customers to meet our team in person.

A record-breaking £4.8 billion full scheme buy-in
The complexities associated with a transaction of such size required collaboration across all parties and innovative solutions to meet the Trustee’s and Sponsor’s objectives.

The British Steel Pension Scheme
In May 2023, we completed our fourth buy-in with the British Steel Pension Scheme as a final step to fully insuring the scheme. The transaction secured the remaining 40% of the liabilities bringing the total insured liabilities with L&G to c.£7.5 billion. In doing so, the scheme became the largest pension scheme in the UK to have secured full insurance

Top 5 PRT trends for 2023
Aysha Patel, New Business Origination Lead at Legal & General, shares her top five trends that are set to shape the pension risk transfer industry in the new year and beyond.

Raising the (West) Bar: Investing in Sheffield
Our CEO, Andrew Kail, recently returned to his hometown of Sheffield to explore how the power of pensions is helping to forge a bright future for the Steel City.

How to secure DB pensions in a crowded market
An insider guide on achieving the best outcome with your insurer of choice

The PRT Pod
Our de-risking podcast that takes you under the umbrella at Legal & General to discuss the latest trends and market dynamics.
Videos

About Our Institutional Retirement Business
Here is some insights into our global Institutional Retirement business and our proud heritage as the UK's longest-serving Pension Risk Transfer provider.

Evolving our customer service: expanding to Glasgow
We celebrated the opening of our new Glasgow office following our transaction with The British Steel Pension Scheme

Investing for the future
Our impactful investments boost the economy, create jobs, homes, and support local communities.

Meeting our customers in-person
We met our customers face-to-face at Inspired Villages' Ledian Retirement Village. These types of events enable us to strengthen our relationships with customers and provides them an opportunity to ask any questions about their pension.

Our customer service ethos
Our multi-award-winning Client and Customer services team highlight how we put customers at the heart of everything we do.

Meet our Client and Customer Service team
Meet the team responsible for ensuring we deliver a great service to members.

Client and Customer Services Animation
We’ve worked with defined benefit pension schemes for over 35 years. Providing income and security in retirement is a responsibility that drives everything we do.

Using pensions to regenerate Sheffield
Our CEO, Andrew Kail, and Global Business Manager, Natalie Bentley, recently returned to their hometown of Sheffield to see our purpose of Inclusive Capitalism in action.

Newcastle Helix regeneration
Together with Newcastle City Council and Newcastle University, we have invested in Newcastle Helix, providing office space and jobs for the local community.

Celebrating 35 years
We are proud to be celebrating 35 years since our first Pension Risk Transfer transaction in 1987.
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