Legal & General completes £230 million full scheme buy-in with the Howden Group Pension Plan

US-based Colfax Corporation secures another of its UK schemes with Legal & General

This transaction for the Howden Plan follows on from a previous £250m transaction completed by Legal & General at the end of 2017 for another UK based pension scheme in the Colfax Corporation group.

Legal & General has insured benefits for all the Plan’s members and will now work with the Trustees and their advisers to transfer responsibility for paying members’ benefits which will enable the Plan to complete its buyout.

Read the full press release via the link below

Chris DeMarco

Through a close collaborative relationship with the Trustees and their advisers, we were able to deliver a solution which mirrored some of the Plan’s more complex details, whilst providing the reassurance of the strength, experience and client service capabilities of Legal & General.

Chris DeMarco, Managing Director, UK Pensions Risk Transfer

For further information

Margrit Williams

PR & Communications Director, Legal & General Retirement Institutional

Contact for:

DB/Final Salary pension schemes de-risking -buy-ins, buy-outs, longevity insurance
Alternative de-risking solutions – APP, ISS
Pension scheme administration
(UK, USA, Canada, Bermuda and Ireland)

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