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Pensioner buy-in with the Tate & Lyle Group Pension Scheme
Legal & General has entered into a £347m pensioner buy-in with the Trustee of the Tate & Lyle Group Pension Scheme. The Trustee of the scheme will hold the L&G bulk annuity policy as an investment to hedge 43% of the pensioner liabilities.
Legal & General was able to demonstrate a flexible approach to structure the contract to meet the Trustee's requirements and, once selected as preferred provider, L&G worked closely with the Trustee and its advisers to execute in a manner that provided certainty and transparency.
This is the largest bulk annuity transaction announced in 2012 by a UK pension scheme. The transaction demonstrates L&G's ability to win large scale bulk annuity business, supported by expert capability in longevity science and asset/liability matching. This enables us to meet both the client's needs and our target returns on economic capital. The transaction builds on the £480m of Bulk Purchase Annuities completed in 2012 at the end of Q3, and successful £1.1bn bulk annuity deal with the Trustee of the Turner & Newall Scheme in October 2011.
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| Commercial lines casualty pricing | ||
| London / hybrid 1-2 dpw office-based - Negotiable | ||
| Life Insurance Senior Consultant | ||
| Flex / hybrid 2-3 dpw office-based - Negotiable | ||
| Scheme Actuary | ||
| Nationwide with hybrid working options - Negotiable | ||
| Liability Portfolio Manager | ||
| London / hybrid 3 dpw office-based - Negotiable | ||
| Investment DB Actuarial Analyst | ||
| Flex / hybrid 2 days p/w office-based - Negotiable | ||
| Actuarial Reserving Manager | ||
| London / hybrid 2 days p/w office-based - Negotiable | ||
| Senior Associate - Trustee Pensions | ||
| Nationwide / hybrid 1-2dpw office-based - Negotiable | ||
| Head of MA and Investment Business Pa... | ||
| London/Hybrid - Negotiable | ||
| Actuarial Pricing Analyst – Specialis... | ||
| London / hybrid 1 dpw office-based - Negotiable | ||
| Pricing Pioneer | ||
| Flex / hybrid 2-3 dpw office-based - Negotiable | ||
| Investment Manager | ||
| London/Hybrid - Negotiable | ||
| Senior Actuarial Analyst | ||
| London/Hybrid - Negotiable | ||
| Pension Consultant - de-risking projects | ||
| UK-wide / hybrid 2 dpw office-based - Negotiable | ||
| Island Pricing | ||
| Bermuda - Negotiable | ||
| Choose Life! | ||
| Various locations - Negotiable | ||
| Capital leadership in the Capital - L... | ||
| London/hybrid 2-3dpw office-based - Negotiable | ||
| Senior Capital Actuary - London Market | ||
| London/hybrid 2-3dpw office-based - Negotiable | ||
| DC Pensions Advisory Consultant | ||
| London or Manchester / Hybrid working - Negotiable | ||
| Senior Pensions Data Technician - Ful... | ||
| Fully remote - Negotiable | ||
| Chief Actuary | ||
| London - Negotiable | ||
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