Slaughter and May, Hogan Lovells and Mayer Brown are advising Legal & General (L&G) and Ford as the financial services company assumes control of billions of pounds’ worth of pension liabilities in a deal totalling £4.6bn.
The buy-in is the largest pension risk transfer transaction announced in the UK in 2025 to date, and L&G’s second largest by premium size. It secures the retirement benefits of more than 35,000 members across both Ford’s hourly paid and salaried pension funds.
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