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Legal & General announces £35m buyout of US law firm’s UK pension scheme
Edwards Wildman Palmer LLP’s UK pension scheme agrees buyout.
11 Sep 2019
Legal & General Assurance Society Limited (“Legal & General”) today announces that it has agreed a c£35m buyout for the US owned law firm Edwards Wildman Palmer LLP’s UK pension scheme.
The scheme was an existing Legal & General Group client through its partnership with Legal & General Investment Management’s (LGIM) fiduciary management team. It is one of the first schemes to have moved to buyout by leveraging the combined solution that only the Legal & General Group can offer across its fiduciary management and buyout teams.
Julian Hobday, Director, Pension Risk Transfer, Legal & General Retirement Institutional: "This transaction is an example of our teams working seamlessly together to ensure that our customers can easily benefit from the full range of services we offer..."