Who we are

Legal & General Retirement Institutional is the UK’s longest-serving active bulk annuity provider. We are the only insurer to have been operating continuously in the UK market since our entrance in 1987 to the present day. Our retirement annuity book is £89.9 billion as at 31 December 2021.

Across our retail and institutional retirement businesses, we look after more than 1 million customers, over 500,000 of which are institutional customers who have had their retirement benefits secured with us.

What we do

UK pension risk transfer (PRT)
Providing pension risk transfer solutions such as buy-ins and buyouts for UK defined benefit (DB) schemes

US pension risk transfer (PRT)
Providing pensions risk transfer solutions for US DB schemes

Providing solutions from our global reinsurance hub in Bermuda.

We work with companies, DB pension schemes and their advisors to help them secure and protect their scheme member’s retirement benefits. By doing this we:

  • help companies to settle their pension liabilities and focus on growing their businesses
  • help to support individuals' financial security in retirement
  • invest for the long term to back our pension promises

Our vision for the future

By investing for the long term we are helping to create today’s jobs and tomorrow’s economic growth. We are making a real and positive difference to peoples’ lives and their futures by investing in much needed infrastructure to boost our economic recovery from the Covid-19 pandemic:

  • investing in green and renewable energy and industry
  • providing regeneration, housing and jobs for communities
  • and using one generations’ pension savings to unlock opportunities for future generations

UK pension risk transfer 


Legal & General Retirement America

Legal & General Reinsurance