Report 07 March 2018

Market update 2018

Our 2018 market update gives our new business volumes for 2017 plus commentary on market activity and trends.

Legal & General wrote £3.4 billion in buy-in and buyout business with UK pension schemes in 2017 and we remain committed to delivering for pension schemes as they look to transfer their risk to insurance companies.

Total buy-in and buyout volumes across the UK are expected to top £10 billion for the fourth year running.

Our report includes a Q&A with Laura Mason who joined Legal & General Retirement (LGR) on 1 January 2018 as CEO of LGR Institutional.

Chris DeMarco, Managing Director, UK Pension Risk Transfer comments:

“We’ve now grown to a point where the market is securing £10-15 billion of pension liabilities each year and the fact that we are able to secure this volume of members’ benefits is not only a great result for the pensions industry but also for UK plc.”

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You can view the Legal & General Group's 2017 results by visiting our reporting centre.