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Illiquid asset solutions

The rise of interest rates and improved funding levels has meant pension schemes may be able to afford buyout much earlier than previously planned, but may still have a significant illiquid asset holding. At Legal & General, we provide flexible solutions to help manage illiquid assets, tailored to every scheme. These include:

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Exit solutions

Accepting illiquid assets in-specie as an annuity asset

Accepting assets in specie to hold long-term in our annuity portfolio

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Exit solutions

Accepting illiquid assets in-specie for sale

Taking responsibility for the sale of a scheme’s illiquid assets

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Liquidity solutions

Deferred premium transaction structure

Providing a deferred premium while the scheme sells the assets

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Dual approach

Deferred premium with a backstop

Providing a backstop, meaning that if the scheme has been unable to sell the assets, Legal & General would take on responsibility for the sale.

Illiquid solutions and buyout

In this episode of The PRT Pod, our experts discuss our full range of solutions

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Case study: Boots Pension Scheme

A record-breaking £4.8 billion full scheme buy-in

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Case study: The British Steel Pension Scheme

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£7.5 billion secured across four transactions

Resources

Road leading to the future

Future themes for well-funded schemes

Three key trends are emerging from today's higher funding levels as schemes increasingly seek to ‘bridge’ the gap to their endgame.

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A guide to deferred premium transactions

Our deferred premium solution allows pension schemes to lock down pension risk in full whilst deferring part of their premium.

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The de-risking journeys of large DB pension schemes

Download our large DB scheme survey 2024

Endgame blog

Our Asset Management business’ dedicated information hub for everything endgame.

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