Legal & General completes £760 million buy-in with Sanofi Pension Scheme

FRANCE – The Sanofi Pension Scheme has insured the benefits of approximately 2,900 pensioners in a £760 million buy-in with Legal & General (L&G) Assurance Society. Despite being a long-term client of L&G Investment Management, this is the scheme’s first bulk annuity deal with L&G. Legal & General, founded in 1836, is one of the UK’s leading financial services groups and a major global investor, with operations in the United States, Europe, the Middle East, and Asia. It is the UK’s largest investment manager for corporate pension schemes, with nearly…

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