Wood Pension Plan secures £1.65bn buy-in with Legal & General
By IAN Editorial Desk
News date: 1 September 2026Published 6 September 2026·1 min read
Primary source: group.legalandgeneral.com
The transaction secured benefits for all 16,400 members of the Wood Pension Plan.
Legal & General today announced a £1.65bn buy-in with the Wood Pension Plan, securing the scheme's benefits with a bulk annuity transaction.
The deal covers all 16,400 members of the Wood Pension Plan. A buy-in of this size is material primary-market flow for L&G's bulk annuity business because the announcement names the insurer, the scheme and a £1.65bn transaction.
Sources: group.legalandgeneral.com
