Marvin OnumonuLegal & General (L&G) has reached over £1bn of pension scheme liabilities secured through its Flow solution since launch, with £360m completed in 2025.
Transactions this year ranged from £2m to more than £80m, showing Flow’s ability to support a wide range of pension schemes.
Since the solution was introduced in 2023, L&G has completed Flow transactions with 62 pension schemes, covering benefits for over 10,000 members.
Flow is aimed at smaller pension schemes and is designed to make it easier for them to access de-risking solutions.
Out of 23 Flow transactions completed this year, 17 involved clients of L&G’s asset management business who used their unit funds as premium payment, which removed market risk, cut asset restructuring costs, and improved efficiency.
Each transaction is managed by a dedicated post-sale client service team who handle onboarding, data cleansing, and payroll matching to align with existing processes.
Legal & General has completed over £11bn of pension risk transfer transactions globally this year, including £10bn in the UK.
Other deals included a £4.6bn buyout with Ford and a buy-in worth around £1.6bn with the BP Pension Fund.
Dominic Moret, head of origination and execution, institutional retirement at L&G, said: “The continued success of L&G Flow shows that we’re delivering tailored support for pension schemes of all sizes, not just the large, complex transactions that typically attract headlines.
“By focussing on novating scheme asset holdings as premium payment and providing expert-led post-transaction support, we can help smaller pension schemes enjoy a safe and efficient journey all the way to buyout.
“Building on decades of trusted relationships, we’re committed to delivering high-quality outcomes, ensuring schemes of all sizes can secure and protect their members’ benefits.”
