
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 3,500 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 and our award–winning service team maintains a world class Net Promotor Score of over 70.
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.

What we offer
We offer a full range of pension scheme insurance for pension schemes of all sizes.
Recent transactions

£34 million buy-in with Walkers Shortbread's Retirement Benefits Scheme

£1.1 billion buy-in with Deutsche Bank's UK Pension Scheme

Legal & General completes £1.1 billion buy-in with the SCA UK Pension Plan

Legal & General completes £21 million buy-in with The Leprosy Mission Central Pension Scheme

Legal & General completes third and final buyout with the Nortel Networks UK Pension Plan

Legal & General announces a c.£900 million buy-in with the ICI Pension Fund.

Legal & General announced a £16 million buy-in with the John Graham (Dromore) Limited Pension and Life Assurance Scheme

Legal & General agrees £4.8 billion full buy-in for the Boots Pension Scheme

Legal & General completes £500m buy-in with Deutsche Bank Pension Scheme

Legal & General agrees c.£340m buy-in with the Cable and Wireless Superannuation Fund
Our principles
We’re committed to our customers through their lives and invest the premiums we receive in socially and economically useful investments.
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

Endgame Insights
Our new Endgame Insights report seeks to demystify the ‘endgame’ landscape and explore how Trustees can get the best outcome for their schemes.

Building meaningful connections with our customers

PRT update – half year 2024

Legal & General completes £1.1 billion buy-in with the SCA UK Pension Plan

Legal & General completes £21 million buy-in with The Leprosy Mission Central Pension Scheme

Legal & General agrees £4.8 billion full buy-in for the Boots Pension Scheme

The British Steel Pension Scheme

Legal & General completes third and final buyout with the Nortel Networks UK Pension Plan


Market update FY 2023

Client and Customer Services Animation

UK and US PRT Monitor - February 2024

Meeting our customers in-person

Legal & General agrees £4.8 billion full buy-in for the Boots Pension Scheme

Legal & General completes £500m buy-in with Deutsche Bank Pension Scheme

Legal & General agrees c.£340m buy-in with the Cable and Wireless Superannuation Fund

Pension Risk Transfer Monitor - August 2023

PRT update – half year 2023

Our customer service ethos

Meet our Client and Customer Service team

Top 5 PRT trends for 2023

UK and US PRT Monitor - February 2023

Raising the (West) Bar: Investing in Sheffield

A proud signatory to the Sustainability Principles Charter for the bulk annuity process

How to secure DB pensions in a crowded market

Best Practice Guide

The PRT Pod

Celebrating 35 years

Newcastle Helix regeneration

Our DBDC solution explained
Get in touch
Reach out for more information about our products and services
Trustees & Advisers
Email our de-risking inbox for more information about our products and services