Siemens Benefits Scheme Does Buy-In Transaction with Legal & General
Posted on 08/18/2020
The Siemens Benefits Scheme conducted a deal for a £530 million buy-in transaction with Legal & General. The transaction helps secure the benefits of more than 2,000 U.K. retirees. This is Siemens Benefits Scheme second pension risk transfer transaction.
The pension trustees were advised on the transaction by Aon and law firm Sackers. Legal advice was provided to Legal & General by Eversheds.
Keywords: Legal & General Group Plc (Legal & General).