PMI pension scheme completes full buyout with Legal & General
L&G has now taken over paying and administering benefits, which lets the scheme wind up and the PMI meet its obligations to members.
L&G and HSBC UK partner to enhance customer access to annuities
Customers can now go through the HSBC UK website to access the L&G annuity service and apply for an annuity directly with L&G.
Later-life divorce forces more than 200,000 to delay retirement, L&G research finds
With fewer working years left to rebuild finances, many over-50s are finding their long-term plans significantly altered.
L&G Flow solution passes £1bn mark in smaller pension scheme deals
Transactions this year ranged from £2m to more than £80m, showing Flow’s ability to support a wide range of pension schemes.
L&G retirement planner drives higher DC member engagement, data reveals
Around 20% of members aged 55 and over have started using the Planner since its launch 12 months ago.
L&G appoints CPO and chief strategy and investor relations officer
Emma Holden has been named chief people officer (CPO), while Andy Sinclair will be chief strategy and investor relations officer.
L&G completes £4.6bn buy-in with Ford pension schemes
The transaction covers the Ford Hourly Paid Contributory Pension Fund and the Ford Salaried Contributory Pension Fund, securing benefits for over 35,000 members.
L&G to create 24,000 jobs through £2bn investment
António Simões, group CEO at L&G, said: “Our £2 billion commitment will help unlock the investment needed in productive assets across the country."
L&G partners with Microsoft to launch AI-powered customer service platform
L&G has announced a multi-year partnership with Microsoft to develop an AI-driven customer service platform that will enhance support for its 12.4 million customers.
L&G completes £1.6bn buy-in with the BP Pension Fund
This is the first transaction for the Fund, which is valued at about £18bn.
Affordable housing is top asset class for DC pension investors – L&G
Out of over 4,400 savers surveyed, 97% said affordable housing was an important social issue.
L&G completes £800m buy-in with Honda Group UK Pension Scheme
Andrew Kail said: “This is another example of L&G’s ability to deliver for trustees, sponsors and members in all market environments."
