Legal & General Buys Vickers Group Pension Scheme
November 14 2016 - 2:49AM
Dow Jones News
By Rory Gallivan
LONDON--Pensions and insurance company Legal & General Group
PLC (LGEN.LN) Monday said it has completed a 1.1 billion pound
($1.4 billion) pension buyout of the aero engineer Rolls-Royce
Holdings PLC's (RR.LN) Vickers Group Pension Scheme, covering more
than 11,000 members.
Legal & General also said Monday that its retirement sales
for the year to date are GBP6.7 billion, with GBP6.3 billion in
annuities and GBP0.4 billion in lifetime mortgages.
Write to Rory Gallivan at rory.gallivan@wsj.com; Twitter:
@RoryGallivan
(END) Dow Jones Newswires
November 14, 2016 02:34 ET (07:34 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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