L&G announced the largest pension risk transfer transaction in the UK for 2025, securing benefits for over 35,000 Ford pension scheme members with a £4.6 billion buy-in.

Information on the Target

The recent pension risk transfer transaction marks a significant milestone as the largest such deal announced in the UK for 2025. It involves the transfer of pension benefits for over 35,000 members of the Ford pension schemes, establishing a secure financial footing for retirees tied to Ford Motor Company Limited. This transaction is a testament to the longstanding relationship between Legal & General (L&G) and the Trustees of the Ford pension schemes, showcasing a collaborative effort to ensure the security of pension benefits.

The transaction was accomplished as a comprehensive buy-in, demonstrating L&G's adeptness at managing complex financial arrangements within a condensed timeframe. It illustrates how well-prepared the Trustees were, having coordinated their investment strategies in advance with specialist advisory firms, which facilitated an efficient execution of the deal.

Industry Overview in the Target’s Specific Country

The pension risk transfer (PRT) market in the UK has seen remarkable growth in recent years, driven by the increasing number of pension schemes looking to de-risk their obligations. Insurers like L&G have become pivotal players in this market, offering tailor