Legal & General announces £1.6billion buy-in with the National Grid UK Pension Scheme

Latest bulk annuity deal covers over 6,000 pensioner members from Section B of the Scheme

The buy-in policy is in respect of Section B of the NGUKPSThe NGUKPS is a £20billiodefined benefit pension scheme primarily for previous employees of the gas industry

This buy-in will further protect the future funding of the Scheme by reducing the potential impact of changes in life expectancy and by removing financial risks such as interest rate and inflation changes.

Read the full press release via the link below

Laura Mason

We are delighted to have been able to work with the Trustees to complete this transaction. We were pleased to have been able to leverage our existing asset management mandate with the Scheme to ensure a smooth process and provide further security to the Scheme members.

Laura Mason, CEO, Legal & General Retirement Institutional

For further information

Margrit Williams

PR & Communications Director, Legal & General Retirement Institutional

Legal and General Retirement

T: +44 (0)20 3128 1299

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