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  2. Share Prices
  3. Legal & General Share Price
  4. Legal & General Share News
  5. L&G Completes Pension Risk Transfer And Invests In UK Infrastructure

Pin to quick picksLegal & General Share News (LGEN)

Legal & General Information

Share Price Information for Legal & General (LGEN)

London Stock Exchange
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Share Price: 252.80
Bid: 252.20
Ask: 252.30
Change: -1.90 (-0.75%)
Spread: 0.10 (0.04%)
Open: 254.20
High: 254.50
Low: 250.70
Prev. Close: 254.70
LGEN Live PriceLast checked at -

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L&G Completes Pension Risk Transfer And Invests In UK Infrastructure

Thu, 17th Mar 2016 09:02

LONDON (Alliance News) - Life insurer and investment manager Legal & General Group PLC on Thursday said it has completed a UK pension risk transfer deal and said it has continued to invest in UK infrastructure and direct lending in the first quarter of 2016.

L&G said it has entered its first large UK pension risk transfer deal of 2016, a buy-in involving around GBP330.0 million in pension liabilities. The group did not provide any details on the client or the agreement.

L&G added it is competing on UK pension risk transfer deals worth over GBP10.0 billion.

In a separate statement Thursday, L&G said it has invested GBP750.0 million in UK infrastructure and direct lending in the first quarter of 2016, including a GBP250.0 million commercial infrastructure funding deal which completed in the past week.

Shares in L&G were up 1.1% to 237.40 pence on Thursday.

By Sam Unsted; samunsted@alliancenews.com; @SamUAtAlliance

Copyright 2016 Alliance News Limited. All Rights Reserved.

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