Legal & General announces appointment of a new Sales Director to further strengthen the pension scheme insurance solutions team.
07 September 2012
Legal General's has appointed Dominic Carpenter as a Sales Director. Dominic has extensive knowledge of the pension de-risking market joining Legal & General after working for over four years at Credit Suisse. Dominic has been instrumental in arranging several large international structured de-risking transactions, including the first longevity swap deal in the UK longevity market. In addition, prior to Credit Suisse, Dominic was a Director at Fitch Ratings and life actuary at AXA Sun Life.
Tom Ground, Head of Business Development, for Legal & General's pension scheme insurance solutions said: "We believe that the bulk purchase annuity market is set to expand significantly over the next few years and that Dominic's appointment will enable us to take advantage of the growth. Dominic brings expertise in collateralisation, longevity insurance, and the execution of large structured transactions.
Dominic's experience will enable us to better meet the needs of pension schemes looking for derisking solutions and so enable Legal & General to maintain its market leading position by better delivering our customer's needs."
Corporates, trustees or advisers looking for further information on the solutions available from Legal & General should call the pension scheme insurance solutions team on 020 3124 2994
Notes to editors
Background on Legal & General
Legal & General is one of the UK's leading financial services companies and one of the UK's top 50 companies in the FTSE 100 Index. Legal & General has been an active participant in the insurance solution pension de-risking market for over 25 years and was this year's winner, along with Legal & General Investment Management (LGIM), of the PIPA award for Best De-Risking provider 2011 and was voted Buyout Firm of the Year at the European Pension Awards in June 2012. Legal & General provides annuities to over 550,000 current pensioners and over 200,000 deferred pensioners.
Legal & General offers a range of de-risking solutions, which includes buyout, buy-in, longevity insurance and liability-driven investment (LDI), to pension schemes of all sizes. Legal & General is also able to tailor a combination of LDI and longevity insurance to provide "DIY buy-in" solutions. Legal & General has expertise in investment management, all aspects of defined benefit provision as well as an in-depth understanding of mortality trends and longevity risk.
The information contained in this release is intended solely for journalists and should not be used by consumers to make financial decisions.
Legal & General Assurance Society Limited. Registered address: One Coleman Street,London EC2R 5AA. Registered in England No 166055.
For more information please contact:
t: +44 (0) 1737 375369
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