25 May 2017
Legal & General Strengthens Pension Risk Transfer Team With Senior Appointment
Legal & General’s Pension Risk Transfer business has appointed Pretty Sagoo as Head of the Strategic Business.
In her new role Pretty will be responsible for implementing large scheme pension buy-ins, buyouts and longevity insurance transactions in the UK as well as supporting schemes more generally in achieving their de-risking objectives.
Pretty joins from Deutsche Bank where she most recently led the Insurance and Pensions Solutions team. Prior to this Pretty held roles at AXA Sun Life and Goldman Sachs. She has been trustee for a UK pension scheme for the last six years and has a PhD in Physics from Imperial College London.
Pretty brings fifteen years of experience working across the banking and insurance industries working in asset allocation, de-risking, longevity risk management and most recently, Solvency II. Her technical and leadership experience will be a valuable addition to the team and further demonstrates Legal & General's commitment to the pension risk transfer market.
Chris DeMarco, Managing Director of UK PRT said;
"I’m delighted to welcome Pretty to the team at a time when trustees and sponsors of defined benefit plans are increasingly focused on transferring their risk to insurers. I am confident that Pretty’s experience and expertise will help us continue to deliver outstanding outcomes to our clients.”
Further Information (Journalists Only)
Notes to Editors
Legal & General
The Legal & General Group, established in 1836, is one of the UK’s leading financial services companies. As at 31 December 2016, the total value of assets across the group was £894.2billion, including derivative assets. We also had over nine million customers in the UK for our life assurance, pensions, investments and general insurance plans.
Legal & General has been an active participant in the UK bulk annuity market for over 30 years.
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 has expertise in investment management, all aspects of defined benefit provision as well as an in-depth understanding of mortality trends and longevity risk. Corporates, trustees or advisers looking for further information on the pension scheme insurance de-risking solutions available from Legal & General should contact the Pension Risk Transfer team.
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 is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority.
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