L&G completes £4.4bn bulk annuity with BAE Systems Pension Scheme
By IAN Editorial Desk
News date: 15 July 2018Published 24 May 2026·1 min read
By IAN Editorial Desk Legal & General today announced completion of a £4.4bn bulk annuity buy-in with the BAE Systems Pension Scheme, covering a portion of...
Legal & General today announced completion of a £4.4bn bulk annuity buy-in with the BAE Systems Pension Scheme, covering a portion of the scheme’s defined benefit liabilities.
The transaction transfers £4.4bn of BAE Systems Pension Scheme liabilities to Legal & General, in what has been reported as a major de-risking move for the aerospace and defence group’s retirement plan.
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