Skip to main content
Personal Adviser Employer Institutional
Our websites
Legal & General Group Asset Management - LGIM Asset Management - L&G Capital Careers All our sites
1. News & insights
2. £96 million buy-in with the Cosworth Racing Limited Pension Fund

£96 million buy-in with the Cosworth Racing Limited Pension Fund

We completed a £96 million buy-in with the Cosworth Racing Limited Pension Fund (the Fund), securing the pension benefits of over 1,000 retirees and deferred members.

Couple hiking

The transaction further strengthens the relationship between L&G and the Sponsor in both the UK and US, which has encompassed L&G’s Asset Management business providing investment services to the Fund. This enabled the Trustee to settle the transaction premium through the seamless transfer of their pooled funds, ensuring an efficient asset transfer that incurred no additional costs. The strength of the relationship also supported smooth collaboration between L&G, the Trustee, and all advisers, facilitating the swift and seamless completion of the buy-in.

Read the full press release.