L&G completes c.£900m ICI pension buy-in, taking total to £7bn
By IAN Editorial Desk
22 May 2024·Updated 26 September 2026·1 min read
Primary source: group.legalandgeneral.com
Legal & General secured benefits for more than 7,000 retirees, the 12th transaction under a 2014 umbrella agreement.
Legal & General announced on 22 May 2024 that it had completed a c.£900 million buy-in with the ICI Pension Fund, securing the benefits of more than 7,000 retirees.
The transaction is the 12th under an umbrella agreement the Fund signed with Legal & General in 2014, taking cumulative transactions between the two to £7 billion and covering around 70%…
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