Legal & General announces £35m buyout of US law firm’s UK pension scheme

Edwards Wildman Palmer LLP’s UK pension scheme agrees buyout.

Legal & General Assurance Society Limited (“Legal & General”) today announces that it has agreed a c£35m buyout for the US owned law firm Edwards Wildman Palmer LLP’s UK pension scheme.

The scheme was an existing Legal & General Group client through its partnership with Legal & General Investment Management’s (LGIM) fiduciary management team. It is one of the first schemes to have moved to buyout by leveraging the combined solution that only the Legal & General Group can offer across its fiduciary management and buyout teams.

Read the full press release via the link below

This transaction is an example of our teams working seamlessly together to ensure that our customers can easily benefit from the full range of services we offer...

Julian Hobday, Director, Pension Risk Transfer, Legal & General Retirement Institutional