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Share Price: 249.90

Bid: 249.90

Ask: 250.00

Change: -2.90 (-1.15%)

Spread: 0.10 (0.04%)

Open: 251.60

High: 251.60

Low: 249.20

Prev. Close: 252.80

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Tesco Picks Legal & General To Provide Pensions To 200,000 Employees

Thu, 03rd Mar 2016 09:53

LONDON (Alliance News) - Legal & General Group PLC on Thursday said it has been chosen as pension provider to more than 200,000 employees of supermarket Tesco PLC.

Tesco appointed Legal & General as its defined contribution bundled provider.

"We are delighted to have been appointed as defined contribution provider to Tesco - and have successfully enrolled over 200,000 of its colleagues into the Tesco retirement savings plan," Emma Douglas, head of defined contribution at Legal & General Investment Management, said.

Shares in Legal & General Group were up 0.1% at 236.80 pence on Thursday morning.

By Samuel Agini; samagini@alliancenews.com; @samuelagini

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