Legal & General announces £35m buyout of US law firm’s UK pension scheme

11 September 2019

Legal & General publishes on its website:

“Edwards Wildman Palmer LLP’s UK pension scheme agrees buyout.

Legal & General Assurance Society Limited (“Legal & General”) today announces that it has agreed a c£35m buyout for the US owned law firm Edwards Wildman Palmer LLP’s UK pension scheme.

The scheme was an existing Legal & General Group client through its partnership with Legal & General Investment Management’s (LGIM) fiduciary management team. It is one of the first schemes to have moved to buyout by leveraging the combined solution that only the Legal & General Group can offer across its fiduciary management and buyout teams.”

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