Pension Risk Transfer

Buy-in and buyout solutions for Defined Benefit Pension Schemes

Tailored solutions from the UK’s longest serving Pension Risk Transfer provider

We provide tailored buy-in and buyout solutions to help trustees and companies settle their pension obligations and secure scheme members’ benefits.

With nearly 40 years' experience, we have helped more than 4,000 pension schemes to protect their members’ retirement income.

Customers are at the heart of everything we do. We look after more than 1 million retirement policyholders, supported by an in-house, award–winning service team that consistently delivers a high standard of care.

Has your defined benefit pension transferred to us?

Visit our customer lounge for more information.

Looking to insure your pension scheme?

Discover how we can help you to remove risk and protect your members’ benefits.

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What we offer

We offer a full range of pension scheme insurance for pension schemes of all sizes.

Our principles

We’re committed to our customers through their lives and invest the premiums we receive in socially and economically useful investments.

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Customer care

We pride ourselves on the high level of service that we deliver to our customers.

We conduct our administration in-house and value the direct relationships that we have with our customers.

Environmental, Social and governance

ESG factors and impact investing in the real economy are at the heart of our investment approach.

Investing for good

Our purpose is to build a better society, while improving the lives of our customers and creating value for shareholders.

To do this we’re investing in long-term assets that benefit everyone from housing to renewable energy.

Meet the team responsible for your transaction

Our experts have an unrivalled breadth of experience and will support you every step of the way.

News & insights

2026 half year market update

Exploring our business performance and industry trends in the first half of 2026.

How long-term investment is helping shape East London's future

Discover how Here East is building on the legacy of London 2012, with long-term investment helping to create jobs, opportunities and economic growth in East London.

Why Customer Connection Still Matters in a Digital World

Digital innovation continues to transform the pensions industry. From online access and digital communications to AI-powered tools and data analytics, technology is helping insurers deliver more efficient and personalised experiences than ever before. But while the ways customers interact with organisations are evolving, one thing remains unchanged: the importance of human connection.

Beyond the transaction

Charlotte Quarmby, Head of Transitions, discusses why the period after a transaction completes is just as important as the deal itself. From data quality and administration to member communications and post-sale planning, Charlotte explores the key ingredients of a successful transition and why member outcomes remain at the heart of the journey.

Developing future talent to deliver outstanding member support

At L&G, we're committed to developing the next generation of talent. Through our apprenticeship programme, young people can gain recognised qualifications, build valuable workplace experience and develop long-term careers while helping to deliver positive outcomes for pension scheme members.

Simplifying a complex DB and DC arrangement

Together with WTW, we helped a pension scheme trustee simplify a complex hybrid pension arrangement, moving from buy-in to buyout in just over three months and bringing DB and DC benefits together with a single provider. The result was simpler governance and a more joined-up member experience.

The era of choice for DB endgames

In a world with more choice, understanding the differences between endgame options can help trustees consider how to best deliver member’s promised benefits.

Endgame insights: Putting theory into practice

Our Endgame Insights report brings together expertise from across L&G's Asset Management and Pension Risk Transfer businesses. Produced in partnership with the PMI, it explores the latest market conditions, trustee attitudes towards buyout and run-on strategies, and the opportunities emerging from improved funding positions.

Get in touch

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Trustees & Advisers

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Media / Journalists

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Careers

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